Queensland electricity prices at set to increase by atleast 5.38% as of the 1st of July 2008. The Queensland Competition Authority has today released their final decision on the Notified Electricity Prices for 2008-2009.

The prices will impact families in Queensland already struggling with the burden of increased mortgage rates, inflation and rising petrol prices.

Leon Hayes of Swichselect.com has stated, "Customers in South east Queenland have had a their electricity prices increase by over 16% in two years, couple that with reductions in market offer discounts, will really leave householders struggling."

The monthly connect charge for residential electricity will rise from $5.40 to $5.69 and the Tariff 11 kWh rate will rise from 14.05 cents to 14.81 cents.

Tariff 31 customers will now pay 6.04 cents / kWh up from 5.73 cents and Tariff 33 customers are set to pay 8.89 cents/kWh up from 8.44 cents in 07/08.