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Date Time $900 million in electricity bill savings available to households Electricity prices have fallen almost 9 per cent since the middle of last year and there is $900 million in potential savings for households in eastern and southern states, new figures released today by the ACCC show. Retail electricity offers now available to households in New South Wales, Victoria, South East Queensland, South Australia and the Australian Capital Territory are, on average, 8.8 per cent lower than they were in June 2020, which equates to an average annual household saving of $126. Data from ACCC monitoring has revealed that if all customers in National Energy Market regions were to have the advantage of the potential savings by switching to lower offers, or benefitting from retailers lowering the prices of their existing plans, the total annual savings would be about $900 million compared to June 2020.

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