Queensland Electricity Price Increase
The Queensland electricity pricing regulator has proposed a price increase of 5.83 per cent from 1 July 2011. This following the 13.29 per cent increase implemented for the majority of customers in 2010.
This will ensure Queenslanders see almost a 20 per cent price increase in the space of 12 months.
Around half of the proposed increase is down to increasing costs in the federal governments renewable energy scheme, as retailers targets meet renewable goals are slowly increasing year on year.
Business can currently save up to 20% in Queensland by switch electricity retailers, whilst homeowners can achieve a 10% price cut.