Power prices are set to fall in four states
Energy customers in NSW, Victoria and parts of Queensland and South Australia can expect lower electricity prices from July, as regulators released the default market offer for the 2026-27 financial year.
The Default Market Offer (DMO) is the maximum price that energy retailers can charge residential and small business customers on a standing offer contract for electricity.
Not all households are on DMOs, but they are viewed as a benchmark to compare other power prices.
Federal Energy Minister Chris Bowen attributed the price drops to the government’s push for renewable energy, noting that Australia’s main energy grids clocked over 50 per cent renewable generation for the first time at the end of last year.
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