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Southeast Qld energy prices set to go down

AAP logoAAP 13/12/2016 David Sigston

Consumers in southeast Queensland will watch their power bills fall by $100 on average next financial year, bucking the national trend of rising energy prices.

The deregulation of the energy market, coupled with the decreases in the Solar Bonus Scheme mean southeast Queensland energy prices are set to fall by 1.5 per cent annually on average over the next two years, according to the Australian Energy Market Commission (AEMC).

The average annual bill of $1370 for the current year is predicted to fall by almost $100 next year before a slight increase again to $1330 by 2018/19.

Tasmania is the only other state expected to experience a fall in prices, with NSW and Victoria both predicted to increase by about four per cent.

Prices are rising nationally due to the closure of the Hazelwood power station in Victoria, but the decrease in the cost of the Queensland's solar bonus scheme more than offsets the impact on Queensland consumers.

Ultimately though, individual households and how they use energy will be the main factor in prices.

"No two households use energy in the same way. Knowing how much power you use and when, will be the key tool in controlling electricity costs in the future," AEMC Chairman John Pierce said.

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