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Queensland’s Electricity Market Explained 

Understanding the energy market in QLD can seem a bit confusing at first. That’s because- it is regulated in some locations and deregulated in others. So, whether you can take the liberty of choosing between a range of competitive electricity plans and offers or not really boils down to where you reside. Let’s discuss: 

• The Energy Market of SouthEast Queensland 

The energy market of Southeast Queensland has been a deregulated one ever since 2016. This simply means that the electricity providers in QLD servicing specifically in this zone can enjoy the freedom of setting their own prices and market offers (as per the price capping of DMO). Hence, quite obviously, they tend to compete for their market share in the best way that they can. 

So, in this whole setup, you’ll be the one who’ll get to take advantage of an increased selection of choice in electricity providers (more than 20, to be precise), competitive prices, and generous offers. 

However, there still exists a Default Market Offer (DMO) that serves as the benchmark or reference point of the maximum price that the energy retailers are allowed to charge. If you don’t actively choose a specific electricity plan, you’ll automatically be switched to a Default Contract (which we won’t recommend since it is likely to be relatively expensive). It would be in your best interest to compare and select a market offer since it tends to offer competitive pricing and deals.

• The Energy Market of Regional Queensland 

The residents of Regional Queensland, on the other hand, aren’t as lucky. The electricity market here is regulated by Queensland Competition Authority, which means- you don’t get to choose your retailer or plan.  

However, there is still some good news- the cost of electricity here is subsidized by the state government, so, you will pay less than those living in Southeast Queensland. 

What is the Average Electricity Bill in QLD?

Going by the market research, the average electricity bill in QLD can range between $140 to $150 a month. However, this figure can always vary- not only by virtue of several factors including size of your household but also as per the source of information. Having an idea of what others are paying for electricity can help you determine if you might be overpaying and give you an opportunity to see if the market has any better deals to offer.

Everything about Electricity Tariffs & Rates

There is a charge we pay for the usage as well as supply of electricity. These charges are collectively referred to as ‘Tariffs,’ making up your electricity bills. They include- fixed and variable charges: 

• Fixed (Supply) Charge: True to what the name suggests, this is a fixed charge that you pay simply for staying connected to the grid. In other words, it has nothing to do with how much energy you consume- this is a flat fee that electricity providers in queensland charge to cover the cost of maintaining the energy network, including infrastructure, meter reading, and customer service. 
• Variable (Usage) Charges: A usage rate covers the cost of consuming electricity, which quite evidently- typically fluctuates based on market conditions, regulatory charges, or household size (hence, the name). It is typically measured in cents per kilowatt-hour (c/kwh). 

The different types of tariffs that are typically a part of your electricity bills include: 

1. Time-of-use tariffs (based on peak, off-peak, and shoulder hours) 
2. Fixed supply charges  
3. Controlled load charges for individual appliances 
4. Solar feed-in tariffs 

Alongside, you can expect to pay some additional fees and charges. Some of the common ones include: 

• Contract establishment fee 
• Payment processing fee 
• Disconnection or reconnection fee 
• Early contract termination fee 
• Late payment fee 

Are there any concessions & rebates offered? 

In order to extend some financial relief to its residents, Queensland and Australian governments offer rebates and concessions. Depending on your eligibility, you can choose to take advantage of the following rebates/concessions, meant to help you manage your electricity bills better: 

• Cost of Living Rebate 
• Low-income household rebate 
• Queensland Seniors Card 
• Queensland Government Electricity Rebate 
• Energy Bill Relief Fund Extension 
• Department of Veterans’ Affairs Gold Card 
• Services Australia Health Care Card 
• Services Australia Pensioner Concession Card 

And some more! 

Please note that the rebates will only apply when you provide the necessary documentation to prove your eligibility. If you’re the original account holder, you can rely on your electricity retailer to put in the application. 

Leading Electricity Providers Queensland

In an attempt to ensure that the diverse needs of customers are well met (and they’re forever spoiled for choice), several Electricity Providers in Queensland offer an array of plans and services in Australia: 

• Red Energy: A 100% Australia made and owned electricity company in QLD, Red Energy has been making conscious efforts at providing its customers with great value energy plans for more than 20 years.  
• Alinta Energy: Renowned for being one of Australia’s largest energy retailers, generators, investors, and developers, Alinta Energy is the go-to choice for over 1.1 million households’ energy needs today. 
• Energy Australia: Standing out for its award-winning customer-service and extensive range of plans, Energy Australia has been making energy simple ever since 1995. 
• Origin Energy: With its rich experience in exploration, power generation, production, and retailing of energy, Origin Energy has been making energy sustainable, easier, and smarter in its true sense. 
• AGL: A trusted choice of Aussies for more than 180 years, AGL has become one of the leading electricity providers in QLD thanks to its promising electricity services. 
• Ergon Energy: The sole electricity provider in regional Queensland, Ergon Energy is a government owned company that delivers sustainable, affordable, and secure energy solutions. 

Why should you Compare Electricity Providers QLD?

In a deregulated energy market, electricity providers tempt customers with exciting plans, deals, and offers. The competition is intense, and everybody is putting their best foot forward. Hence, there always exists a good chance of you finding a better deal than what you’re currently on, saving you some precious bucks. That’s where comparison platforms like electricity providers can help! We help you compare an array of electricity providers in QLD under our panel and find the one that fits your energy needs. The potential savings you could make will be worthwhile! 

How to switch Electricity providers in QLD with us? 

Courtesy of us, switching Electricity providers in Queensland has been made a mere matter of a few simple steps! And the benefits are worth checking out. Let us tell you how: 

• Compare: Enter some basic details to help us find a diverse range of electricity plans for your area. Compare as much as you want to find a plan that suits your electricity needs.
• Save: Discover how much you can save with a high-value plan that delivers quality without compromise.
• Switch: Once you have done the math, switch to a plan that meets your needs and sign up seamlessly without any hassle.