Household power bills to fall by about $77 a year as developers bet on renewables

Australian Energy Market Commission says Queensland and Victoria will enjoy biggest falls by 2024 as new large-scale solar plants join electricity grid

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The advance of renewable energy across Australia is driving down household electricity bills, and will result in average savings of about $77 a year by 2024, the Australian Energy Market Commission said in its annual survey.

Queensland is projected to lead the way among the states in the National Electricity Market, with a typical household's bill to drop by 10%, or close to double the national average fall of 5.7%. That will cut the typical Queensland residential bill from $1,226 in 2020-21 to $1,100 by 2023-24.

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