The Tasmanian Liberal Government welcomes the release of 2024-25 electricity prices by the independent Tasmanian Economic Regulator.
The Regulator has approved an average increase of just 0.50 per cent in regulated electricity tariffs for Tasmanian households and small businesses, which will take effect from 1 July.
Treasurer Michael Ferguson said that the Tasmanian Liberal Government has reached in and is providing more energy bill support than ever before, driving bills lower.
"We know that Tasmanians are struggling with the cost of living, which is why the Tasmanian Government is providing significant concessions to help reduce pressure on households and small businesses, such as our supercharged Renewable Energy Dividend and the existing Energy Bill Relief package," said the Treasurer.
“As a result, Tasmanians will pay less for electricity this coming year.
“In fact, as a result of combined state and federal energy bill relief measures, the average Tasmanian concession-holder can expect to see more than $1,000 shaved off their power bill this coming financial year."
“The Tasmanian Government will continue to do what it can to provide immediate relief to the rising cost of living.”
Minister for Energy and Renewables, Nick Duigan, said Tasmania’s position as having the lowest regulated prices in the nation was secure and the Tasmanian Government’s 2030 Strong Plan for Tasmania’s Future would keep Tassie’s power prices low.
“This determination by the independent regulator is good news for Tasmanian energy users at a time when cost of living pressures continue to bite," said Minister Duigan.
“The marginal increase would mean that the typical bill increase would be between around $5 - $16 for the whole year, before any rebates or concessions.
“Through our supercharged Renewable Energy Dividend, we are providing a massive $250 to all Tasmanian households, and $300 to small business customers. This will be credited to customers electricity accounts before the end of this financial year and credited to customers on their next bill depending on their billing cycle."
The Tasmanian Liberal Government continues to deliver on its long-term plan to ensure Tasmania has the power it needs for our future – at the lowest possible cost to consumers.