2024 Price changes

Are business electricity prices changing?

Yes. The State Government has approved price changes to regulated business tariffs effective 1 July 2024. We have worked hard to keep increases to Synergy's tariffs, fees, and charges as low as possible for our business customers.

For more information, you can view the full details and changes at synergy.net.au/pricechanges.

When will price changes come into effect?

Changes to regulated electricity tariffs, fees, charges, and DEBS buyback rates are effective from 1 July 2024, subject to relevant legislation taking effect by that date.

See synergy.net.au/pricechanges for details on the changes.

Why do electricity business tariffs change?

Regulated electricity tariffs are reviewed and determined by the State Government. They review changes to the costs of providing electricity and set the retail tariffs each year.

In unprecedented times like these, Synergy has tried to keep costs as low as possible, to reduce financial stress on our customers. We are committed to helping our customers to better manage their energy use and offer a range of information, concession, and support services

How is Synergy assisting customers to manage these increases?

We know that the past few years have been difficult for many, and Synergy is committed to supporting Western Australian businesses, not-for-profit, and charitable organisations.

If your business is needing more help or support, Synergy offers services to assist you in managing your business's energy use and costs. We can also help you with long-term energy saving solutions, including commercial solar and batteries.

For more information call us on 13 13 54 between 8am - 5pm, Monday to Friday (excludes public holidays).

Has there been a change to my business's solar buyback rate?

The non-residential Renewable Energy Buyback Scheme (REBS) rate remains unchanged at 7.1350 cents per kWh.

Is the NaturalPower contribution changing?

The price Synergy pays for Large-scale Generation Certificates (LGCs) has actually been decreasing over the last 12 months. This means the price that you pay per unit of NaturalPower or EasyGreen electricity will decrease 1 July 2024 to 5.7122 cents per unit (incl GST).

 

The NaturalPower and EasyGreen products include a contribution paid by you (above the standard regulated retail tariff) that is used to purchase LGCs from nationally-accredited GreenPower renewable energy sources, helping your household or business to work towards becoming carbon neutral. Renewable energy purchased by Synergy with these contributions is then fed into the electricity grid, where it mixes with energy produced from non-renewable sources before being supplied to your home or business. For more about Synergy's green energy options, visit synergy.net.au/CommercialGreen