Changing Electricity Prices for Queenslanders
Since deregulation in 2016, electricity prices in Queensland have not fallen as much as homes and businesses would have liked. The closure of ageing coal-fired generators and an unstable market saw prices increase for many homeowners. Much of this price increase was due to increasing costs needed to compensate for the Federal Government’s renewable energy scheme.
This placed financial pressure on customers to compensate for building and maintaining a complex electricity system in order to supply growing demand. Recent changes in the electricity market means things are looking up for those in Brisbane and regional Queensland that take the time to compare market offers and find the best price.
The Queensland Government recently invested $1.16 billion to ensure Queenslanders can look forward to an increasingly affordable, secure, and sustainable supply of electricity. Government funding has been allocated for the solar bonus scheme, diversified energy supply systems, and a 50% renewable energy target by 2030. Since 2016, 17 large-scale renewable energy projects are underway to double Queensland’s renewable energy supply to deliver almost 1200 megawatts of clean power to Queensland residents.
How to Find a Better Electricity Price in Brisbane
On average, businesses that comparison shop and switch electricity retailers in Queensland should expect to save noticeable amounts on their annual electricity bills. The Business Energy Savers Program is set to benefit Queensland businesses. Homeowners that switch electricity retailers should also expect to save on their electricity bills each year. Yearly rebates for households are now available, as well as EasyPay Rewards. For more information on these discounts and concessions, speak to the Electricity Wizard team to see what rebates you are eligible for.
Queenslanders are encouraged to shop around to compare the range of discounts and special deals offered by different electricity suppliers. Finding the cheapest price for home electricity usage rates is the easiest way to save on monthly electricity bills. Many customers in Queensland and Brisbane are unaware that they don’t have to stay with a particular electricity distributor if they aren’t happy with their service or monthly pricing. Other electricity suppliers in the area could offer a cheaper or discounted rate to help households and businesses save money on annual electricity costs.
Get a Better Deal on Your Electricity Bills
At Electricity Wizard, we do all the hard work for you. When you call us, we’ll compare your rates and plans against the best suppliers available in your area and help you select the right plan for you. Electricity Wizard will find you the best prices to cut down costs and meet any other criteria you may have. Best of all, our service is completely free – so what do you have to lose?
Try us today! Call Electricity Wizard now on 1300 359 779 or fill out your details below to have one of our comparison specialists help you get a better deal on your energy bills starting today!