Electricity prices may soar in Queensland from 2013-14, as a report from the Queensland Competition Authority recommends an energy price hike.
If carried out, the rise in prices will mean a customer's annual bill would increase from approximately $1,184 to $1,437.
With the constant threat of rising energy prices, Queensland residents have been looking for alternatives – and solar power has been one of them.
Last year 31,990 new solar systems were connected under the Queensland government's Solar Bonus Scheme – that's a lot of solar power.
With an energy price hike, it's likely that consumers will be thinking of ways in which they can lower their energy bills.
Last year, thousands of Queenslanders signed up for a 44 cent solar feed in tariff, but a large number are yet to install their solar systems.
To keep the 44 cent feed in tariff, those who have not yet installed solar panel systems must do so and have them ready for network connection by June 30 this year or they will miss out.
People should also keep in mind that because of this, demand will increase in the coming months, so it's best to get in early as not to be left disappointed.
Posted by Mike Peacock