With cost of living pressures increasing, and energy costs remaining a key concern for many households in Queensland, there is no room for complacency when it comes to electricity prices. This is why QCOSS made a submission on 12 April to the Queensland Competition Authority’s (QCA) Draft Determination on electrical prices for 2019-20. The prices determined by the QCA will be what regional Queenslanders will pay for their electricity from 1 July 2019.
While the draft prices put forward by the QCA are predicted to result in slightly lower bills next year for the average household, our submission identified several opportunities for the QCA to further lower prices. QCOSS has recommended the QCA reduce electricity prices by reflecting improved retail efficiencies and removing the standing offer adjustment. The QCA will consider submissions and release their final decision by 31 May 2019.