The latest regulatory determinations have delivered some welcome news for households and businesses across eastern Australia, with benchmark electricity prices reducing in most regions from 1 July 2026.
🏠 RESIDENTIAL CUSTOMERS
NSW: ↓ 6.9% to 8.3%
SEQ: ↓ 5.8%
VIC: ↓ 5.0%
SA: ↓ 4.5%
🏢 SMALL BUSINESS CUSTOMERS
NSW: ↓ 9.0% to 11.3%
SEQ: ↓ 10.4%
VIC: ↓ 6.0%
SA: ↓ 6.8%
So why are prices falling?
✅ Lower wholesale electricity costs
✅ Increased renewable generation and battery storage
✅ Reduced environmental scheme costs
✅ Lower retail cost allowances
💡 OUR RECOMMENDATION FOR HOUSEHOLDS & SMALL BUSINESSES
If you are a residential customer or operate a small business with fewer than 10 sites, don’t assume your retailer will automatically provide the best available pricing.
After 1 July, take a few minutes to compare offers at:
https://www.energymadeeasy.gov.au
Many customers can achieve savings beyond the regulated reductions simply by reviewing available market offers and switching to a more competitive plan.
🏭 WHAT ABOUT LARGER BUSINESSES?
Most medium and large commercial customers, or customers with more than 10 SME sites, are on negotiated market contracts rather than regulated tariffs.
That means your actual outcome will depend on:
📅 Contract timing
📈 Market conditions
⚡ Network tariffs and demand charges
🤝 Retailer competition
📊 Procurement strategy
The key takeaway?
Electricity prices are moving in the right direction, but simply renewing your contract may not deliver the best outcome.
Now is an ideal time for businesses to review upcoming contract expiries, tariff structures and energy procurement strategies to ensure they capture the benefits of improving market conditions.
If your business electricity contract expires within the next 12 months, contact Negawatt Energy Solutions for an independent review of your options.