Ergon, Energex propose one-off reduction in power prices

QUEENSLANDERS can expect their power bills to fall, with Premier Annastacia Palaszczuk revealing a possible one-off reduction in charges – but it’s not happening just yet.

QUEENSLANDERS can expect their power bills to fall by about $50 in 2020.

Premier Annastacia Palaszczuk revealed on Tuesday morning that Ergon and Energex were proposing a one-off 10 per cent real reduction in distribution network charges for the average residential customer.

The saving measure will be delivered in July 2020, and is tipped to save the average residential customer $54 and the average small business customer $50.

“This one-off reduction in distribution network charges is in addition to the, on average, 7 per cent annual reductions my government has delivered every year since 2015,” Ms Palaszczuk said.

“In 2015, we promised there was a better way for Queenslanders than selling our electricity networks - that by merging our network business we could deliver savings.”