QFF recommends reviewing your tariffs before 30 June 2019 as from 1 July 2019, you will no longer be able to switch to the Transitional Tariffs including T62, T65 and T66.
For the second year, Tariffs for regional Ergon Customers on Obsolete and Transitional tariffs will remain frozen while many residential and small business customers will see annual costs reduce by around 5 per cent.
The Queensland Competition Authority’s final determination for 2019-20 electricity prices in regional Queensland was released on 31 May 2019.
Key findings of the determination for irrigators and farmers are as follows:
- The rates for Obsolete and Transitional tariffs for 2019-20 will be frozen at 2018-19 levels.
- Transitional Tariffs will be classified as obsolete meaning they will be no longer be available to new customers from 1 July 2019.
- Some tariffs for residential and small business customers have reduced and it is expected that bills will be reduced by around 5 per cent for customers on Tariffs 11, 20.
- Customers on tariff 22A will see cost increase of around 4 per cent.
The transitional tariffs that will now become obsolete are: tariffs 20 (large), 21, 22 (small and large), 62, 65 and 66 and the obsolete tariffs are 37, 47 and 48. These tariffs will expire on 30 June 2020 apart from tariffs 47 and 48 which will expire on 30 June 2022.
The QCA advises that some cost reductions are due to reduced wholesale electricity costs.
The QCA recommends that Ergon electricity customers assess their impact on the Ergon Energy Analysis website here: www.ergon.com.au/retail/business/account-options/my-account.
Ergon Energy is working with irrigators and retail customers to identify suitable options to assist in reducing the increasing costs to irrigators, more information here: www.ergon.com.au/network/network-management/network-pricing/tariff-initiative-for-irrigators.