The Queensland Competition Authority (QCA) has recently put forward their draft determination for Regulated Retail Electricity prices in Regional Queensland 2023-24.
As predicted the prices are significant.
Residential Tariff 11 – has a huge increase of 37.5%. This is the normal tariff that our homes operate on. For the average family with 2 children, (without Solar) we estimate that your power bill will increase from $3,200 per year to $4,400.
Small Business Tariff 20 – has an increase of 32.14%. This tariff is what most of the small businesses are on in Regional Queensland. For a small business using approximately 35MWH a year we estimate the bill to go from $9,800 per year to $12,949. For a larger business (but still classed as a small user) that is using 90MWH a year it will go from $25,200 per year to $33,299.
Large Business Tariff 44 – has an increase of 20.37%. This tariff is used by businesses with large demands. For example, Farmers, Shopping Centres, Pubs and Motels. For a business using approximately 150MWH a year we estimate the bill to go from $24,300 per year to $29,249. Now this is for the energy used only. This does not include the daily service fee of $46.9 and demand charges of $28 / KW/ Month
This table shows you the increases:
Ergon Price 2022/23
QCA Draft 1/7/2023
Residential Tariff 11
Residential Tariff 33
Small Business Tariff 20
Large Business Tariff 44
Large Business tariff 45
Solar Feed in Tariff*
Tariff Prices are GST incl. *Solar Feed in Tariff has no GST here.
Solar Feed in Tariff 38.7% Increase.
For our customers with Solar Systems, there is some great news with the Feed-in-Tariff going from 9.3 cents a KWh to 12.9 cents a KWh. For our customers such as Farmers that do seasonal pumping or businesses that only operate 5 – 6 days a week this is exceptional news. For our Homeowners, this is just terrific news.
Take Control of your Energy Future
We are looking down the barrel of extremely high Electricity Prices. You need to look at all the ways you can reduce your energy usage. However, going Solar is still by far the number one way to reduce your energy bill.
Business Customers you don’t have to pay for a Solar System with our Solar Power Purchase Agreements. We will fund a Solar System for your roof with energy rates as low as 14 cents a KWH instead of you paying 37 cents a KWH with Ergon for your daytime power. This is a reduction of 62%.
We have helped hundreds of businesses reduce their power bills this way, and they have not had to spend any capital to do it.
If you would like to learn more, you can contact us here.
Founder & Manager of Horan & Bird Energy. Director of Master Electricians Australia. John has played a key entrepreneurial role in the transformation of the Energy Landscape in Queensland having founded Horan & Bird in 2004 and building it to a $35 Million Business. The business was then sold, repurchased and merged with Juice Capital in 2020. Juice Capital own one of the largest renewable energy funds in Australia and allow customers to go solar and batteries for no up front capital through Power Purchase Agreements.