Price changes from 1 July 2024
What’s changing?
Each year our electricity prices are regulated and set by the Queensland Competition Authority (QCA). A number of factors impact the prices which are set and we are required by the Electricity Act to charge these notified prices.
The Queensland Government subsidises the price of electricity for regional Queenslanders to ensure we are on par with other parts of the state, given the vast geographic distances to deliver electricity across regional and remote Queensland.
This year, we have seen an increase in the prices handed down by the QCA due mainly to increased network and metering costs, but a decrease in the usage rates for Tariffs 20, 24A, 24B, 31, 33 and the peak usage rates for Tariffs 22B and 22C, due to a reduction in wholesale electricity costs.
From 1 July 2024:
- The bill for a typical small business on Tariff 20 has been decreased by 1.1% or around $27 a year
- Typical large customers on Tariff 44, Tariff 45 or Tariff 46 are expected to pay around 1.7% - 3.8% more for electricity in 2024-25.
We’re committed to being 100% transparent with you for one very strong reason, we’re Queensland owned. It’s your energy.
Price changes for varying annual usage levels
The following tables may assist in clarifying the percentage change for varying annual usage levels. Please note that customers with seasonal variations (particularly air conditioning in summer and heating in winter) may see variations in their monthly or quarterly bills.
Tariff 20
| Tariff 20 kWh | 2023-24 (GST Incl) | 2024-25 (GST Incl) | Change (%) |
|---|---|---|---|
| 5,000 | $2,458 | $2,431 | -1.1% |
| 10,000 | $4,346 | $4,261 | -2.0% |
| 15,000 | $6,233 | $6,090 | -2.3% |
| 20,000 | $8,121 | $7,920 | -2.5% |
| 25,000 | $10,009 | $9,750 | -2.6% |
| 30,000 | $11,896 | $11,579 | -2.7% |
| 35,000 | $13,784 | $13,409 | -2.7% |
| 40,000 | $15,671 | $15,238 | -2.8% |
| 45,000 | $17,559 | $17,068 | -2.8% |
| 50,000 | $19,446 | $18,897 | -2.8% |
Tariff 22C
| Tariff 22C kWh (50% day off peak / 25% peak / 25% night and weekend shoulder) | 2023-24 (GST Incl) | 2024-25 (GST Incl) | Change (%) |
|---|---|---|---|
| 5,000 | $2,092 | $2,229 | 6.5% |
| 10,000 | $3,622 | $3,863 | 6.7% |
| 15,000 | $5,151 | $5,497 | 6.7% |
| 20,000 | $6,799 | $7,245 | 6.6% |
| 25,000 | $8,328 | $8,880 | 6.6% |
| 30,000 | $9,857 | $10,514 | 6.7% |
| 35,000 | $11,386 | $12,148 | 6.7% |
| 40,000 | $13,035 | $13,897 | 6.6% |
| 45,000 | $14,564 | $15,531 | 6.6% |
| 50,000 | $16,094 | $17,165 | 6.7% |
What you can do
We know using electricity in your business is a part of everyday life. Here are some tips to help you with the upcoming changes:
Manage your business
Manage your business account online anywhere, anytime with My Account. Log in today.
Save on your bill with our energy tips
Just a few small changes in how you use electricity in your business can make a real difference to your power bill. We have a wealth of energy saving tips for businesses on our website.
Break up your bill
Direct Debit gives you the flexibility to pay your bills weekly, fortnightly, monthly or quarterly. You can setup Direct Debit with My Account or by calling us on 13 10 46.