Almost all Australians are expected to start saving, on average, $97 on their annual power bills in 2020, according to the Australian Energy Market Commission.
The AEMC’s annual report on electricity prices shows an overall falling price over the next few years.
Annual bills during 2018/2019 reached $1370 and are expected to drop to $1273 by June 2022.
The drop is not expected to hit Western Australia, where bills are likely to be more expensive.
‘While the overall national trend is down all across the supply chain there are regional differences across states and territories that will affect price outcomes,’ AEMC Chairman John Pierce said.
‘Overall, a representative consumer will pay around $97 less than today by June 2022.’
Victoria is expected to fall by 5% ($53), New South Wales by 8% ($107).