- South East Queensland retailers heed calls from the Crisafulli Government to pass on energy price bill savings to residents and small businesses.
- Queensland competition watchdog’s report reveals retailers have lowered power prices to the new Default Market Offer reduction or below.
- South East Queenslanders benefit from savings on bills of around 7 per cent for households and 10 per cent for small businesses.
- The Crisafulli Government’s Energy Roadmap is delivering affordable, reliable and sustainable energy for Queenslanders, after Labor’s decade of decline.
The Crisafulli Government’s Energy Roadmap Price Drop is delivering lower power prices, with an independent report confirming most South East Queensland retailers heeded calls to pass on savings to residents and small businesses.
South East retailers were put on notice after a reduction in the Australian Energy Regulator’s Default Market Offer was to result in savings of around 7 per cent for households and 10 per cent for small business owners.
The Queensland Competition Authority was directed by the Crisafulli Government to investigate power prices, fees and retail behaviours of SEQ retailers from 1 July to ensure deals were competitive and Queenslanders were getting a fair go.
The report published today confirmed that retailers’ standing offers have moved in line with the Default Market Offer, and market offers continue to provide opportunities for further savings.
However, it found market offers for six retailers remained the same, and four had increased due to higher supply charges that were not offset by decreases in usage charges.
The Authority found annual market bills for residential flat rate (in the first week July) of Red, Origin, AGL and Energy Locals had increased by between 2.2 per cent and 17.3 per cent, for their lowest market offer.
Regional Queenslanders have already benefited from lower power prices after the Crisafulli Government directed Government-Owned Ergon Energy to pass on the savings in full.
Treasurer and Minister for Energy David Janetzki said the Crisafulli Government promised to deliver affordable, reliable and sustainable energy for all Queenslanders after a decade of decline under Labor.
“For the first time in a long time Queenslanders have lower power prices and genuine structural cost-of-living relief, just as we promised,” Treasurer Janetzki said.
“After years of bill shock, including prices jumping by nearly 20 per cent in a single year due to the former Labor Government’s failure to properly maintain power plants, Queenslanders should now see real relief flow through to their bills.”
Treasurer David Janetzki said it was clear from the Queensland Competition Authority report that the lowest market offers from some retailers were increasing – not decreasing.
“Lower wholesale power prices should mean more money in the pockets of Queenslanders, not lining the pockets of big corporates,” Treasurer Janetzki said.
“Our promise was to name and shame those not doing the right thing and passing on savings. My message is clear, if you’re with these retailers’ keeping savings to themselves, you should be picking up the phone and switching today.
“The Authority estimates households could save hundreds of dollars a year by switching to the best market offer, with savings of up to $461 for a single person household and $542 for larger families in SEQ.
“The Crisafulli Government and Queensland Competition Authority will continue to closely watch retailers to ensure they’re doing the right thing.”
The Australian Energy Regulator and the ACCC investigation into some retailers’ recent changes to market offer prices and whether increases to supply charges and decreases to usage charges were compliant is ongoing. The Crisafulli Government will send the QCA report to the ACCC to help their investigation.
The Queensland Competition Authority will provide a full report on the sector across the 2025-26 financial year in December 2026 and for 2026-27 in December 2027.
