Power prices are falling across Australia as renewable energy sources continue to grow, new data has shown.
Power prices across New South Wales will be reduced by between 3.7 and 7.7 per cent.
In south-eastern Queensland power will be cut by 10.7 per cent, while South Australians will have a smaller reduction of 1.1 per cent.
Australian Energy Regulator Chair, Clare Savage told the ABC that the price changes are a positive sign for residents and businesses, and eased pressures on the energy supply chain.
“This is a positive outcome with prices coming down for the majority of households and all small businesses across the three regions where the DMO safety net applies,” Ms Savage said.
“The reductions compared to last year has eased costs across most components of the DMO, particularly in wholesale energy, where we’ve seen lower electricity contract prices, reduced spot price volatility, and increased output from wind and battery generation during evening peaks.”
According to the Australian Energy Regulator Default Market Offer 2026-27, Energex in south-east Queensland had the biggest flat rate price change year-on-year, with a 14.6 per cent decrease from 2025-26, or almost $24 in difference.
South Australian Power Networks have the smallest flat rate price change year-on-year at a 1.8 per cent decrease, or a more than $3 difference.
Additionally, according to ACIL Allen’s 2026-27 Default Market Offer report, New South Wales has the highest estimated base contract prices for energy in Q1 of 2027 at $108.97.
South Australia has the lowest estimated base contract prices at $94.52, while Queensland at an estimated base contract price of $108.21.
Camden resident, Wayne Brown said lower prices for energy will help many Australians during the current cost of living crisis.
“People are obviously struggling to pay their rent and their mortgages, and lower energy prices is going to be better for everyone in the long run,” Mr Brown said.
“It’s going to be more money in their pockets so they can feed their families, and for groceries, all the incidentals.”
Internationally, according to the United Nations’ Energy Statistics Pocketbook 2026, between 1990 and 2023, electricity and heat made up between 2.6 and 5.4 per cent of the world’s primary energy production.
Additional reporting: Mikaylee Priest, Jade Daly, Caleb Arkapaw
