Queensland regional customers spared further price rises (so far)

The Queensland Competition Authority (QCA) has issued its draft determination on regulated retail electricity prices that will apply in regional Queensland for the 2015-16 financial year.

The news is good for commercial and industrial customers that have not yet transitioned to a market-based unbundled contract. Based on the draft tariffs published, large low voltage connected customers can expect their network charges to reduce by 3-5%.

While these potential price reductions are welcome, customers in the eastern distribution zone who are still being supplied under a regulated tariff may be overpaying for energy. e4b provides free no-obligation assessments for regulated tariff customers to determine if savings can be made by moving to a market-based contract.

Also, transitional tariffs 41 (large) and 43 (large) will be removed as of 1 July 2015 as previously scheduled. Customers on these tariffs will need to select a new tariff.

Submissions on the draft determination close 27 February 2015.  Submissions can be lodged here.

The final price determination is expected to be published in June 2015.

For a free assessment of your energy costs under a regulated tariff versus a market-based contract, or for assistance with selecting a new regulated tariff, contact e4b on 1300 781 791 or email us at:enquiries@energy4b.com.au.