It's been confirmed that Tasmania continues to have the lowest electricity prices in the nation for households and small businesses.
Treasurer, Guy Barnett, said the Independent Tasmanian Economic Regulator report shows that Tasmanian regulated residential customers on all tariffs have the lowest bills in the country and Tasmanian small business customers on both regulated and median time-of-use and general usage tariffs also have the lowest annual bills.
"The independent Tasmanian Economic Regulator's report is welcome news for Tasmanians struggling with cost-of-living pressures," Treasurer Barnett said.
"In addition to having the lowest prices in the nation, Tasmanians also have some of the most generous concessions in the country. In fact, eligible Tasmanian concession-holders are being provided with up to $1,433 in bill relief this year, that includes the Governments supercharged Renewable Energy Dividend payments of $250 for households and $300 for small businesses.
"During this financial year, as a result of combined state and federal energy bill relief, every Tasmanian household is receiving at least $550 in energy bill relief, and small businesses $625."
Minister for Energy and Renewables, Nick Duigan, said in the 2024-25 year, the regulated price increased by just 0.5 per cent.
"After factoring in CPI, electricity prices actually decreased in real terms this year," Minister Duigan said.
"The Australian Energy Regulator's recently released Retail Market Report also confirmed the proportion of Tasmanians eligible for electricity concessions is greater than any other state as the same time as having the highest level of concession.
"We know how much power bills impact on everyday cost-of-living pressures. And we also know Tasmanians use more power than households on the mainland, so it's vital we continue to have the lowest power prices in the nation.
"Our Tasmania First Energy Guarantee, and our 2030 Strong Plan for Tasmania's Future, is making this happen."
