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Energy bills continue to fall

Hundreds of thousands of Australian families and small businesses will pay less for their energy bills from 1 July. 

The Australian Government’s Default Market Offer (DMO) price cap locks in cheaper electricity prices across south-east Queensland, South Australia, and NSW. 

The DMO protects customers in these regions from excessively high standing offer contracts.

Residential standing offer customers in:

  • South Australia will save an additional $116 a year
  • south-east Queensland will save an additional $53 a year
  • NSW will be better off by as much as $102 a year. 

Small business customers in:

  • South Australia will save an additional $272
  • south-east Queensland will save $243
  • NSW will save $441.

Average residential customers who were on the highest standing offers before the DMO, will see their electricity bills fall by as much as $780 per year. 

Bills for average small business customers on the highest standing offers before the DMO will fall by as much as $3105. 

The Hon Angus Taylor MP, Minister for Energy and Emissions Reduction, said the DMO is continuing to deliver for Australians. 

‘As we bounce back from the COVID-19 pandemic, low energy prices will help drive our economic recovery by boosting the spending ability of households and businesses,’ the Minister said. 

See the Minister’s media release and Price Safety Net page.