Population growth, an ever-increasing demand for energy and the need to expand and upgrade Queensland's electricity infrastructure are among the many factors that impact on the cost of electricity.
The Queensland Government has delegated responsibility for determining regulated retail electricity prices for 2015-16 to the Queensland Competition Authority (QCA).
Business customers across Queensland may pay a different price than the regulated price set by the QCA, if they are on a market contract rather than a standard retail contract.
Large business customers in regional Queensland can access regulated prices. Retail prices for large customers in SEQ have been deregulated since 2012.
The current regulated electricity prices will apply until 30 June 2016.
How electricity costs affect prices
The price you pay for electricity is made up of:
- generation costs: creating electricity at a power station
- transmission costs: to build and maintain the state's network of high voltage powerline infrastructure
- distribution costs: to build and maintain the network of low-voltage poles and wires that deliver electricity to homes and businesses
- retail costs: connecting customers, billing customers and managing their accounts.
The Queensland Government supports regional and rural Queenslanders by subsidising them for the additional costs involved in supplying electricity outside SEQ, through payments to Ergon Energy. This subsidy is called the Community Service Obligation (CSO) payment. For 2015–16, the total CSO to support regional and rural Queenslanders is budgeted at $438.2 million.
- Learn more about regulated retail electricity prices for 2015-16 (PDF, 2.56MB).
- Last reviewed
- May 11, 2016
Energy enquiries 13 43 87