Queensland’s energy market entered October in a position of renewed strength. After several years of volatility caused by rising fuel costs, plant outages, and extreme weather, the state is now benefiting from a sustained period of stability and improved pricing conditions. Wholesale electricity prices have moderated further through spring, supported by reliable coal and gas generation, strong solar output, and steady demand across the state.
Average prices have remained among the lowest on the National Electricity Market, providing a positive environment for large energy users. The improved balance between renewable generation and firming supply has reduced volatility and created more competitive contracting conditions, making it an ideal time for businesses to reassess their energy strategy.
Confidence in Queensland’s energy outlook has also been strengthened by the Queensland Energy Roadmap 2025, released in October. The roadmap outlines a five-year plan to maintain affordability and reliability through extended coal operations, expanded gas-fired generation, and increased private investment in renewable and storage projects. These measures aim to secure supply while supporting the state’s transition to cleaner, more stable energy sources.
Another key development is the network tariff reform introduced by Energex and Ergon on 1 July 2025, which includes a 12-month transition period to move to a more suitable tariff. We have already observed several customers being shifted from less cost-effective tariffs, highlighting the opportunity for businesses to review their tariff structure. Choosing the right tariff can deliver significant cost savings and reduce long-term exposure to peak demand charges.
At Trans Tasman Energy Group, we are currently securing highly competitive electricity and gas pricing for Queensland clients, reflecting the strong market stability and positive supply conditions. With futures for 2026 and 2027 still at attractive levels, there is a valuable window to lock in competitive rates and protect against future volatility.
Retailers are extremely busy at this time of year, and pricing requests may take longer than usual. This is likely to worsen in December as staff availability reduces, limiting your ability to secure the best price. Acting early allows businesses to take advantage of current pricing and secure certainty ahead of the summer period, when higher demand and scheduled generator outages can drive price increases.
We are currently working with clients whose contracts expire at the end of 2025, but it’s equally timely for businesses with 2026 or 2027 contract expiries to start reviewing their options now. The current market stability presents a rare opportunity to secure long-term savings and strengthen your procurement strategy before conditions tighten again.
Our energy specialists can assist by:
- Reviewing current energy bills and contracts
- Benchmarking rates against market offers
- Identifying tariff optimisation and savings opportunities
- Providing independent advice on procurement timing and strategy
For a free energy bill review or to explore your options, contact Jordan Manning at jmanning@tteg.com.au or 0425 983 338.