Power Price Relief on the Way for Queensland Households and Businesses

Queenslanders could soon see some welcome relief on their power bills, with new figures showing electricity prices are set to fall under the latest draft Default Market Offer.

According to the Australian Energy Regulator, residential electricity prices are expected to drop by 10.1 per cent in 2026–27, while small business customers could see a reduction of 12.8 per cent.

The changes form part of the Queensland Government’s Energy Roadmap, aimed at delivering more affordable, reliable and sustainable power across the state.

Treasurer and Minister for Energy David Janetzki said the draft determination showed progress after a period of rising costs.

“The draft Default Market Offer from the Australian Energy Regulator demonstrates that the Energy Roadmap is putting downward pressure on power prices, as we said it would,” Treasurer Janetzki said.

“Under Labor power prices soared by 19.9% in a single year due to Labor’s failure to properly maintain our power plants. The Government is doing its bit to put downward pressure on power bills and it is now up to retailers to ensure savings are passed to customers.”

The Default Market Offer acts as a benchmark for electricity retailers, setting the maximum price for customers on standard contracts.

The regulator is expected to finalise the determination in May, with a separate announcement for regional Queensland to follow in the coming weeks.

The Government is delivering more affordable power for Queenslanders, with the default electricity reference price set to drop by more than 10 per cent next financial year. Photo source: Shutterstock

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