Electricity prices in South-East Queensland are set to rise by up to 9.7 percent from July 1.
The Australian Energy Regulator (AER) has released the Default Market Offer (DMO) for 2025-26, which applies to households and small businesses on standing offer plans in New South Wales, South Australia and South-East Queensland.
In a statement, the AER said the DMO was designed to protect consumers from excessively high prices while allowing retailers to recover their costs.
“It is the maximum price electricity retailers can charge customers on standing offer contracts (and) also acts as a reference price so customers can compare plans offered by other retailers.”
The AER stated from July 1, prices would rise across the three areas, with residential consumers seeing increases ranging from 0.5 percent to 9.7 percent depending on their usage and location.
“The price rises for small businesses will range from 0.8 percent to 8.5 percent, depending on the same factors.”
It stated the upcoming rises were due to cost increases in the different components that make up the DMO, including wholesale energy costs and network costs.
“Generally, the DMO is not the cheapest offer in the market. Most retailers have better deals than the standing offer and customers can save money by shopping around.”
It stated customers in Queensland could compare offers at the Energy Made Easy website.
