The independent Economic Regulator has approved Aurora Energy's regulated retail electricity prices for 2026-27.
This confirms Tasmania's electricity prices remain as one of the nation's lowest, backed by our 2030 Strong Plan for Tasmania's Future.
From 1 July 2026, standing offer prices will increase by an average of 4.23 per cent for residential and small business customers.
This determination made by the independent Economic Regulator reflects cost pressures occurring right across Australia's energy system, including higher network costs, wholesale electricity market volatility and inflationary pressures affecting the entire sector.
Treasurer Eric Abetz said the Government recognises cost of living challenges are impacting family budgets.
"While no government welcomes price increases, it is important to note household electricity prices in Tasmania fell in real terms over the last 12 years," the Treasurer said.
"This means price movements have been lower than inflation and lower than many other essential household costs facing families today."
Tasmania continues to have some of the most affordable and reliable electricity anywhere in Australia, a position underpinned by decades of responsible investment in our energy assets and a system that remains focused on delivering for Tasmanians.
Tasmanians also have the opportunity to shop around for a better deal on their electricity and Treasurer Abetz said it was important Tasmanians understood what today's determination actually means.
"The regulated standing offer announced today is effectively a price ceiling, it represents the maximum a customer will pay, not necessarily what they have to pay," the Treasurer said.
"There is competition in the Tasmanian market, with multiple retailers actively competing for customers as a result of reforms introduced by the Government.
"I would encourage Tasmanians to shop around and make sure they are getting the best power deal available to them."
Importantly, support remains available for vulnerable households through a range of concessions and cost of living assistance measures.
The 2026-27 Budget includes over 100 different types of concessions, including electricity, amounting to around $370 million in funding over four years.
