{"id":10327,"date":"2021-02-18T03:26:49","date_gmt":"2021-02-18T03:26:49","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=10327"},"modified":"2021-02-18T03:26:49","modified_gmt":"2021-02-18T03:26:49","slug":"electricity-bills-expected-to-keep-falling","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2021\/02\/18\/electricity-bills-expected-to-keep-falling\/","title":{"rendered":"Electricity bills expected to keep falling"},"content":{"rendered":"

Electricity bills are expected to fall in the second half of 2021 and beyond, thanks to continued action by the Morrison Government to reduce energy prices for families and businesses.
\nIntroduced by the Morrison Government in July 2019, the Default Market Offer protects customers from excessively high standing offer contracts and also acts as a reference price, making it easier for customers to shop around and compare offers from different retailers.
\nThe Australian Energy Regulator (AER) has today released its draft determination for the Default Market Offer for 2021-22, signalling further substantial price reductions for households and businesses across New South Wales, south-east Queensland and South Australia.
\nUnder the AER\u2019s draft determination, residential customers on standing offers in New South Wales could save as much as $136 a year on their electricity bills compared to 2020-21. Those in south-east Queensland could be better off by $69 a year, while households in South Australia stand to save as much as $117 a year.
\nSmall businesses in New South Wales could end up slashing their energy costs by $577 a year compared to 2020-21, while those in south-east Queensland and South Australia will save more than $300.
\nLow wholesale prices are driving the savings for both residential and small business customers, with prices across the National Electricity Market at their\u00a0lowest levels in years<\/a>.
\nMinister for Energy and Emissions Reduction Angus Taylor said these price falls are a result of action taken by the Morrison Government to deliver affordable, reliable energy for Australian households and small businesses.
\n\u201cThanks to the Morrison Government\u2019s energy policy, hundreds of thousands of Australian families and small businesses are paying less on their electricity bills,\u201d Minister Taylor said.
\n\u201cThese are significant reductions to the cost-of-living pressures faced by hard-working Australians, with Government policy ensuring that consumers pay less for their electricity and have more money in their hip pockets.\u201d
\n\u201cThis year\u2019s price drops are on top of the previous cuts to standing offer prices that were achieved when the Default Market Offer first came into force in 2019.
\n\u201cResidential customers could be paying up to $802 less in New South, $794 less in south-east Queensland and $707 less in South Australia compared to before the introduction of the DMO.
\n\u201cFor Small businesses the savings are substantial. Small business owners could be saving up to $3,354 a year in NSW, $2,955 in south-east Queensland and $2,878 in South Australia, compared to what they were paying in 2019.
\n\u201cThere are even greater savings available for households and businesses who shop around, so I would encourage everyone to check the competitiveness of their deal using the Government\u2019s free price comparator website\u00a0energymadeeasy.gov.au<\/a>.\u201d
\nABS statistics show household electricity bills doubled under Labor, whereas under this Government, Australian households have now experienced eight consecutive quarters of year-on-year electricity price falls.
\nPublic submissions for the Default Market Offer draft determination close 18 March 2021. The AER is expected to release the final determination in late April 2021.
\nMore information is available on the AER website:\u00a0https:\/\/www.aer.gov.au\/news-release\/draft-dmo-2021-22-open-for-consultation<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Electricity bills are expected to fall in the second half of 2021 and beyond, thanks to continued action by the Morrison Government to reduce energy prices for families and businesses. Introduced by the Morrison Government in July 2019, the Default Market Offer protects customers from excessively high standing offer contracts and also acts as a … Continue reading “Electricity bills expected to keep falling”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-10327","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/10327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=10327"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/10327\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=10327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=10327"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=10327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}