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Energy prices likely to drop for Aussie households

Energy bills for households and small businesses are forecast to fall by up to 10 per cent across parts of the eastern states.

The final Default Market Offer, which set 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 per cent across South Australia, NSW and Queensland's southeast.

Small business standing offer time-of-use prices are set to fall by up to 20.9 per cent.

The Australian Energy Regulator sets the default market offer as a benchmark for residential and small business electricity bills in NSW, southeast Queensland and South Australia.

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.

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