As long standing partners of QHA, we wanted to provide you with a brief market update for QLD and to inform you that from 1 July, new electricity network tariffs have been published by your distributor. TTEG can review your existing network tariff to see if a better option exists that could reduce your network charges and save you $$.
QLD Energy Market Update
Futures pricing across NEM states has eased over the past month due to consistent generator reliability. Despite seasonal lows in solar and record lows in wind production, stable baseload supply has been maintained without major outages. However, prices now reflect higher risk premiums due to updated forecasts of more frequent gas supply shortfalls from 2025 to 2028. As winter ends, pricing is expected to ease further with improved weather conditions and increased renewable generation, particularly from wind and solar. Additionally, the return of Callide C4 in Queensland will add extra capacity.
Understanding the new electricity network tariff
A large portion of your electricity bill is the network component, which is charged from the electricity distributor for the supply to your site. The network charges are based on the distributor’s tariff and the site’s electricity load and consumption. South Australia Power Networks has multiple network tariffs, for which the pricing is updated annually from the 1st July. If a site’s energy usage or demands change, or the network tariff parameters change, it could mean that you are paying more than what you should be!
There may be an alternate eligible tariff which you can be moved onto, to reduce these charges ongoing. Tariff changes are not applied retroactively, so it’s beneficial to switch to a more cost-effective tariff as soon as possible.
TTEG’s Bill Guard service can assist your business to minimise unnecessary expenses on your energy bill. Our customisable suite of services includes monthly bill validation, network tariff review, and access to a customer management analysis reporting portal. With Bill Guard, you can ensure that you’re only paying for what you need, optimising your energy usage, and ultimately saving on costs.
Reach out to us
Contact Jordan Manning (TTEG’s Account Manager for QHA) on 0425 983 338 or email jmanning@tteg.com.au to discuss how we can support your energy management needs.