{"id":83887,"date":"2024-05-24T05:26:42","date_gmt":"2024-05-23T19:56:42","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=83887"},"modified":"2024-06-06T10:14:04","modified_gmt":"2024-06-06T00:44:04","slug":"electricity-offer-decisions-mb2927","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/electricity-offer-decisions-mb2927\/","title":{"rendered":"Electricity Prices Update: Who Saves And Who Gets Slugged"},"content":{"rendered":"

\"Electricity<\/p>\n

Final decisions were published yesterday for regulated electricity offers in several Australian states. Find out what this means and how it might affect you.<\/p>\n

What Is A Default Offer?<\/h2>\n

A default offer is the maximum price an electricity retailer can charge a customer on a standing offer, which is a customer who hasn\u2019t signed on for a market offer. It ensures these electricity customers aren’t gouged by as much as they otherwise may be.<\/p>\n

While a minority of electricity customers are on regulated offers in most states, any changes tend to have a flow-on effect to market offers.<\/p>\n

Who Sets Regulated Electricity Offers?<\/h2>\n

The Default Market Offer (DMO) covers retailers in Southeast Queensland1<\/a><\/sup>, South Australia and New South Wales, and is determined by the Australian Energy Regulator.<\/p>\n

In Victoria, it’s called the Victorian Default Offer (VDO) and is set by the Essential Services Commission (ESC). In the ACT, the Independent Competition and Regulatory Commission (ICRC) sets standing offers.<\/p>\n

In Tasmania, setting power prices is the job of the Tasmanian Economic Regulator. While covering a financial year, the Regulator tends to leave it until late June to announce changes.<\/p>\n

In Western Australia, regulated electricity prices are determined by the State Government annually as part of the State Budget process, which was recently tabled. But after skimming over 800 pages of budget documents, I’m darned if I can find any information. Something the Cook Labor Government was happy to crow about was a $400 power bill credit for all households.<\/p>\n

In the Northern Territory, The NT Government determines power tariffs and charges. Any changes usually cover a financial year and the NT government also tends to leave it until last minute to publish them.<\/p>\n

Yesterday, the AER, ICRC and ESC published their final decisions for their respective jurisdictions, covering the 2024\/25 financial year. While there’s generally been a significant reduction in wholesale electricity prices<\/a> thanks in part to renewable energy; inflation and other costs – particularly those related to poles and wires (network costs) –\u00a0 have put a bit of a dampener on things.<\/p>\n

\"Electricity<\/p>\n

VIC Households Winners<\/h2>\n

From 1 July 2024, the average rate Victorian Default Offer customers pay for their electricity will reduce by around 6% for residential customers and approximately 7% for small business customers..<\/p>\n

“The impacts of lower electricity purchase costs were partly offset by increased network costs,” says the ESC<\/a>.<\/p><\/blockquote>\n

The following breakdown is a bill comparison based on a domestic customer with annual usage of 4,000 kWh.<\/p>\n

\"VDO<\/p>\n

Ups And Downs In NSW, SE QLD And SA<\/h2>\n

The final DMO determination prices<\/a> are very close to what was in the AER’s draft published in March.<\/p>\n

In New South Wales, the DMO sees residential customers without controlled loads saving 0.9% to 1.1% nominal (without removing inflation), depending on distribution region. For small business, the reduction will be in the range of 0.7% to 8%. South Australians will be savers too, with a 2.8% reduction for households and 8.8% for small business without controlled loads.<\/p>\n

But in Southeast Queensland, the DMO will increase by 4.2% for domestic and 1% for business customers without controlled loads. However, Queenslanders will be getting more financial relief than those in SA and NSW. In addition to the Federal Government’s recently announced $300 energy rebate<\/a> that every Australian household will receive (including those with solar panels<\/a>), all Queensland households will get a state-issued rebate of $1,000 to\u00a0 $1,372<\/a> and small businesses $325 – paid for from coal royalties.<\/p>\n

Canberrans Hit In The Hip Pocket<\/h2>\n

ActewAGL\u2019s Canberra customers on standing offers, both residential and small business, will see average price increases of 12.75% in 2024-25. Aside from inflation, the ICRC says<\/a> this was mainly driven by increased network costs (determined by the AER) and the increase in the ACT Government\u2019s large-scale feed in tariff (LFiT) scheme costs.<\/p>\n

As for the other jurisdictions, any changes in the new financial year shouldn’t be far off being announced.<\/p>\n

Market offers can be significantly lower than standing offers, so those on them could benefit by comparing electricity plans<\/a> – as can households on market offers to ensure they are getting the best deal for their circumstances. A little legwork can make a significant difference to annual energy costs – but to really hammer your electricity bill, consider going solar<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Final decisions were published yesterday for regulated electricity offers in several Australian states. Find out what this means and how it might affect you.<\/p>\n","protected":false},"author":17,"featured_media":83888,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-83887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nElectricity Prices Update: Who Saves And Who Gets Slugged<\/title>\n<meta name=\"description\" content=\"Final decisions were published yesterday for regulated electricity offers in several Australian states. 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The Australian Energy Regulator (AER) yesterday announced its draft determination for the Default Market Offer (DMO) covering NSW, SEQ and\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Electricity pricing in Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/03\/electricity-prices-australia.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/03\/electricity-prices-australia.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/03\/electricity-prices-australia.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/03\/electricity-prices-australia.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/03\/electricity-prices-australia.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":72424,"url":"https:\/\/www.solarquotes.com.au\/blog\/dmo-vdo-electricity-increases-mb2862\/","url_meta":{"origin":83887,"position":1},"title":"Draft Electricity Price Decisions Bring Grim News","author":"Michael Bloch","date":"March 16, 2023","format":false,"excerpt":"Power bills look set to jump yet again for millions of Australian households and small businesses already reeling from the ongoing cost-of-living battle. Yesterday morning, the Australian Energy Regulator and the Victorian Essential Services Commission announced their draft decisions for the Default Market Offer (DMO) and Victorian Default Offer (VDO)\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Electricity price increases: Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/03\/vdo-dmo-electricity.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/03\/vdo-dmo-electricity.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/03\/vdo-dmo-electricity.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/03\/vdo-dmo-electricity.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/03\/vdo-dmo-electricity.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":95749,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-sharer-sso-explained-mb3306\/","url_meta":{"origin":83887,"position":2},"title":"Free Electricity For All? Not Quite: Solar Sharer Explained","author":"Michael Bloch","date":"November 5, 2025","format":false,"excerpt":"Electricity retailers will soon be required by the federal government to offer free electricity to households for at least three hours a day under what's been dubbed the Solar Sharer Offer (SSO). How Will The Solar Sharer Electricity Offer Work? Announced by Minister for Climate Change and Energy Chris Bowen,\u2026","rel":"","context":"In "Electricity Prices"","block_context":{"text":"Electricity Prices","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/electricity-prices\/"},"img":{"alt_text":"Solar Sharer Offer Explainer","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/11\/solar-sharer-free-electricity.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/11\/solar-sharer-free-electricity.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/11\/solar-sharer-free-electricity.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/11\/solar-sharer-free-electricity.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/11\/solar-sharer-free-electricity.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":62172,"url":"https:\/\/www.solarquotes.com.au\/blog\/electricity-prices-regulator-mb2489\/","url_meta":{"origin":83887,"position":3},"title":"Victorian Electricity Price Hike, Other States Likely To Follow","author":"Michael Bloch","date":"May 26, 2022","format":false,"excerpt":"WA residents have already received bad news on electricity prices, Victorians have now as well and the fate of other states may be revealed today. Last week we mentioned regulated electricity prices in Western Australia were set to rise, which will see the McGowan Government clawing back some of its\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Electricity price increases","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/electricity-price-regulator.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/electricity-price-regulator.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/electricity-price-regulator.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/electricity-price-regulator.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/electricity-price-regulator.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":92674,"url":"https:\/\/www.solarquotes.com.au\/blog\/dmo-electricity-offers-mb3207\/","url_meta":{"origin":83887,"position":4},"title":"Energy Minister Signals Electricity Offer Shake-Up","author":"Michael Bloch","date":"June 19, 2025","format":false,"excerpt":"A mechanism ensuring electricity retailers can't charge some customers as much as they otherwise may isn't working as intended says Federal Minister for Climate Change and Energy Chris Bowen. The Australian Energy Regulator (AER) currently sets the Default Market Offer (DMO) in New South Wales, southeast Queensland and South Australia;\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Federal Energy Minister Chris Bowen","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/06\/electricity-prices-dmo-2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/06\/electricity-prices-dmo-2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/06\/electricity-prices-dmo-2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/06\/electricity-prices-dmo-2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/06\/electricity-prices-dmo-2.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":92253,"url":"https:\/\/www.solarquotes.com.au\/blog\/electricity-price-rises-revealed\/","url_meta":{"origin":83887,"position":5},"title":"Electricity Price Rises Revealed: Here’s How To Avoid Being Hit","author":"Max Opray","date":"May 26, 2025","format":false,"excerpt":"Electricity bills are set to surge by up to 9.7% for some Australians from July, according to the latest reference price details released by the Australian Energy Regulator, although most households will see smaller increases. The Australian Energy Regulator has revealed the final Default Market Offer (DMO) for over half\u2026","rel":"","context":"In "Electricity Prices"","block_context":{"text":"Electricity Prices","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/electricity-prices\/"},"img":{"alt_text":"Electricity price increases - Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/2023-price-increase.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/2023-price-increase.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/2023-price-increase.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/2023-price-increase.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/2023-price-increase.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/83887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=83887"}],"version-history":[{"count":14,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/83887\/revisions"}],"predecessor-version":[{"id":84365,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/83887\/revisions\/84365"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/83888"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=83887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=83887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=83887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}