Here’s what electricity will cost in Queensland in 2014/15

Posted by Justine Davies May 30th 2014

Queensland Competition Authority releases the ‘Regulated Electricity Prices 2014/15’ final report.

Queensland Power PricesEach year the Queensland Competition Authority (QCA) releases its decision on the regulated retail electricity prices that will apply for the following financial year for Queensland businesses and residents. For the 2014/15 financial year, the prices that will apply to tariff 11 prices are as follows.

 Based on a typical customer consuming 4,100 kwh per year

Tariff component   With carbon tax Without carbon tax With carbon tax Without carbon tax
2013–14 2014–15 Change 2014–15 Change
Service charge (cents/day)1 50.22 83.41 66.1% 83.41 66.1%
Usage charge(cents/kWh)1 26.73 28.02 4.8% 25.38 -5.1%
Annual bill(GST inclusive)2 $1,407 $1,599 $192 $1,480 $73

What if you’re not a “typical” customer? The QCA has also outlined expected increases for four example households, as follows:

Household size Consumption(kWh) 2013–14 bill 2014–15 with carbon tax Difference (%) 2014–15 without carbon tax Difference (%)
Single person 3,070 $1,104 $1,281 16% $1,192 7.9%
Typical (median) 4,100 $1,407 $1,599 13.6% $1,480 5.1%
Four person 6,133 $2,005 $2,225 11% $2,047 2.1%
Six person 8,490 $2,698 $2,951 9.4% $2,705 0.3%

Fortunately Queenslanders – particularly in the South East, do have choices – competition is alive and well! Click here for our customer satisfaction ratings of Queensland electricity suppliers. Click here to compare energy offers in your area.