News from Mick

Electricity retailers on notice and Queenslanders urged to check for cost of living rebate

July 01, 2022

Minister for Energy Mick de Brenni has today issued his strongest warning yet to the market, reminding energy retailers to pass on the cost-of-living rebates announced in the Budget, as the new year financial year begins.

"Last week’s budget is the sixth time we've issued an energy rebate, bringing the total value of electricity bill relief to over $1 billion under the Palaszczuk Government,” Minister de Brenni said.

“These rebates would not have been possible without public ownership of Queensland’s energy assets.”

"Historically retailers have done the right thing, however today I'm reminding energy retailers to pass on the $175 rebate to all households and warned that they will be named and shamed if they do not.

"I am also concerned about the fluctuations occurring in the market and the decision by some retailers to increase their prices higher than the Australian Energy Regulator’s Default Market Offer.

“Queenslanders are reminded that they have a right to be not only be offered the Default Market Offer but to see how it compares with the retail offer or they can shop around for a better deal.

"Queensland households should also look for a message on their bill which refers to the $175 cost-of-living rebate," he said.

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