- Queensland has seen a 10.1 per cent reduction in residential power prices, and 12.8 per cent reduction for small business, under the latest Default Market Offer.
- Energy retailers urged to reflect the Default Market Offer decrease in Queenslanders' power bills, after they skyrocketed 19.9 per cent in a year under the former Labor Government.
- The Crisafulli Government is delivering affordable, reliable and sustainable energy for Queenslanders after Labor's decade of decline saw skyrocketing power bills.
The Crisafulli Government is delivering more affordable power for Queenslanders, with the default electricity reference price set to drop by more than 10 per cent next financial year, after power bills skyrocketed under the former Labor Government.
Under the latest draft Default Market Offer (DMO) from the Australian Energy Regulator (AER), power prices for residential customers in South East Queensland are set to fall faster than any other participating jurisdiction.
This result confirms the Crisafulli Government's Energy Roadmap is delivering affordable, reliable and sustainable power for Queenslanders after a decade of skyrocketing power prices under the former Labor Government, which includes a 19.9 per cent increase in a year.
The draft DMO, which serves as the reference price for energy retailers when advertising market offers, has residential power prices falling 10.1 per cent in 2026-27, while the small business benchmark would drop by 12.8 per cent.
By improving Queensland's existing energy assets while building what is needed for the future, the Crisafulli Government is putting downward pressure on energy prices, optimising investment to respect taxpayer money and boosting private sector investment in new generation.
Backed by the $1.6 billion Electricity Maintenance Guarantee to properly maintain energy generators after they were neglected by Labor, the Energy Roadmap is facilitating new generation to deliver more electricity supply into the grid.
A draft determination for regional Queensland is expected to be released in the coming weeks.
Treasurer and Minister for Energy David Janetzki urged retailers to ensure the savings are reflected in Queenslanders' power bills.
"The draft Default Market Offer from the Australian Energy Regulator demonstrates that the Energy Roadmap is putting downward pressure on power prices, as we said it would," Treasurer Janetzki said.
"Under Labor power prices soared by 19.9% in a single year due to Labor's failure to properly maintain our power plants.
"The Crisafulli Government is doing its bit to put downward pressure on power bills and it is now up to retailers to ensure savings are passed to customers.
"I have today written to the CEOs of Queensland's electricity retailers calling on them to ensure that once the final determination is released, any savings are passed on to Queenslanders."
The AER will undertake consultation before releasing its final determination, expected in May.
The DMO applies to customers who haven't actively chosen an electricity plan and sets the maximum price electricity retailers can charge residential and small business customers on standing offer contracts in South Australia, New South Wales and South East Queensland (Energex network).
The AER DMO can be viewed here: www.aer.gov.au/industry/registers/resources/reviews/default-market-offer-2026-27
A draft determination for regional Queensland is expected to be released in the coming weeks.
