Energex’s distribution network charges make up around 35 percent of the total residential bill and 28 percent of the total small business retail electricity bill. Other components of the electricity bill include environmental policy costs, wholesale electricity costs, and retail costs.
Compared to current charges, the distribution network charges for a residential consumer will drop by around $73 (4.6 per cent) in the first year of the 2020-2025 period and then increase on average by $3 (0.2 per cent) annually over the next four years. For small business consumers, the distribution network charges will drop by around $82 (3.7 per cent) in the first year of the 2020–2025 period and then increase on average by $3 (0.1 per cent) each year over the next four years.
These bill impact calculations don’t take into account the Queensland Government’s electricity asset ownership dividend, which will offset the residential bill amount by $50 for each year over the 2020 to 2023 period. They also don’t include the household relief package for COVID-19 impacts announced by the Queensland Government, which will reduce the residential bill amount by a further $50.
Every business will be impacted differently depending on individual circumstances. This includes their electricity load profile and the timing they use the majority of their power in relation to demand peaks on the network. In general, the largest impacts will be for small businesses.