Queensland has been hit harder than any other state when it comes to power price hikes. A new report reveals households are paying almost 30% more, but there are easy ways to unlock savings.
As we have all experienced electricity prices have been increasing and will likely continue to rise. A report by the Queensland Competition Authority reveals that Queensland had highest prices by the end of 2022.
Between the June and September quarters, average market offer residential bill bills lifted sharply by 27%, and 26.9% for small businesses. The report states that there isn’t any relief in the foreseeable future.
The Queensland state government has a $175 cost of living rebate, for eligible electricity customers, and also pensioners and seniors may qualify for a $372.20 rebate. Additionally the National Price Cap Plan for gas and coal is anticipated to save the average Aussie family $230 a year.
Although customers are advised to shop around for the best deal, this process actually was made more difficult over the last year, as the report also revealed that Queenslanders simply had ten less residential options to choose from and twelve less options for small business, compared to the June quarter. With less competition there isn’t much incentive for companies to provide discounted pricing.
Tips To Reduce Your Electricity Bill
- Set your air conditioner to 24 or 25 degrees rather than 21. This will make a big difference.
- Check out Energy Made Easy energymadeeasy.gov.au This website allows you to compare all plans from all providers available to you.
- Unplug electronics you aren’t using, as they can still draw power even when not in use.
- Seal and insulate any gaps around doors and windows to prevent air leakage.
- Switch off lights and fans when not in use, or invest in motion-sensitive switches which will turn them on and off based on occupancy of the room.
- Minimize the use of energy-intensive appliances like washing machines and dishwashers, or make sure they are always used at full capacity when they run.
- Take advantage of natural light during the day instead of turning on lamps or overhead lighting whenever possible
