Energy customers in NSW and South Australia will see slight reductions in their power bills from July but further rises are on the way for those in Queensland. The Australian Energy Regulator's latest default market offer showed NSW energy users will pay about 1 per cent less in 2024/25, while those in SA will have a drop of 2.8 per cent in the next financial year. Queensland's default market offer will increase 4.2 per cent.
The AER said Queensland had the greatest reliance on base contracts due to using them more during summer, which had led to the larger price rises compared to other states. Earlier this month, the Queensland government said it would give Queenslanders a $1000 rebate on their power bills this financial year. Meanwhile, Victorians will pay about $100 less on their power bills.