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Property News

Queenslanders receive electricity win

July 18, 2012

Queenslanders in residential property will see a return of more money into their pocket after one of the state's biggest energy providers confirmed it won't raise prices past the government's tariff.

Origin Energy has stated that it will not hike market contract prices above the frozen tariff set by the government.

Yesterday's announcement (July 17) comes after the energy provider issued customers with a letter notifying them of a price increase of $400 on the average yearly bill.

Queensland premier Campbell Newman said the cost-cutting change of heart from Origin was good news for Sunshine State residents.

"I welcome the decision by Origin to wind back their proposed price increases for Queenslanders on market contracts," Mr Newman said.

"The only increase families on Tariff 11 regulated price will see is the cost of the carbon tax, which the prime minister claims we'll be compensated for."

The Queensland government has recently announced a set of money saving initiatives including, reintroducing discounted weekly fares for go card users and stamp duty concessions, as well as freezing car registration costs and the standard domestic electricity tariff.

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