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Energy Bills Set to Decrease for Millions of Australians
Power bills to be slashed for millions of Aussies: How much more you will save
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Energy bills for households and small businesses in eastern Australia are projected to decrease by up to 10%, with small businesses seeing reductions as high as 20.9%. The Australian Energy Regulator's new Default Market Offer aims to provide better protections and pricing for consumers.
- 01Household standing offer time-of-use prices will drop by up to 10.7% in South Australia, New South Wales, and southeast Queensland.
- 02Small business standing offer time-of-use prices are expected to decrease by up to 20.9%.
- 03The 2026/27 determination is the first under a reformed framework aimed at enhancing consumer protections.
- 04Energy Minister Chris Bowen attributed the price reductions to increased renewable energy availability and improved battery storage.
- 05New consumer rule changes effective July 1 will ensure plan benefits last the entire contract and limit price increases.
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Energy bills for millions of households and small businesses in eastern Australia are set to decrease, with reductions of up to 10% for households and as much as 20.9% for small businesses. The Australian Energy Regulator has released the latest Default Market Offer, which defines the maximum prices that retailers can charge. This marks the first determination under a reformed framework intended to enhance consumer protections. Energy Minister Chris Bowen highlighted that the price drops are largely due to an increase in renewable energy sources and the use of batteries, which alleviate pressure on coal and gas during peak times. Bowen emphasized that Australia’s abundant renewable resources are helping to stabilize the energy grid and reduce bills amidst global energy volatility. Additionally, new consumer protections will come into effect on July 1, ensuring that plan benefits remain throughout the contract duration, capping price increases to once a year, and banning unfair fees.
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The reduction in energy bills is expected to provide significant financial relief to households and small businesses across eastern Australia.
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