Power bills to fall by up to 10% from July as renewables and batteries soar across Australia

Energy bills for households and small businesses will fall by up to 10% per cent from July across parts of the eastern states, as a new industry survey shows record levels of renewables and batteries in the power grid. The final default market offer , which sets out the maximum amount retailers can charge on plans, shows price reductions for households and even bigger drops for small businesses. Household standing offer time-of-use prices will fall by up to 10.7% across South Australia, New South Wales and Queensland’s south-east. Small business standing offer time-of-use prices are set to fall by up to 20.9%. The Australian Energy Regulator sets the default market offer as a benchmark for residential and small business electricity bills in NSW, south-east Queensland and South Australia. Sign up for the Breaking News Australia email The government said the 2026/27 determination is the first under a reformed framework designed to bolster protections for customers and deliver a better deal. The determination comes a day after Victoria’s own default offer for 2026/27 was released, which ruled an average 5% cut for households, taking $84 off their annual electricity bill. The energy minister, Chris Bowen, said there were three key reasons behind the fall in prices. These include more renewable energy available and batteries lifting pressure off coal and gas that is used at peak times at night time. …