Energy price relief on the horizon for regional Queenslanders

The price reduction follows price cuts in south-east Queensland, New South Wales and South Australia. (ABC News: Chris Gillette)

The Queensland Competition Authority's final determination has confirmed electricity costs will drop.

Households will save up to 6.9 per cent while businesses will save 8.1 per cent.

Households across regional Queensland can expect their power bill to drop by about $150 this year as energy prices fall alongside electricity costs in several Australian states.

The Queensland Competition Authority (QCA) today handed down its final pricing determination for the next financial year.

Some outback residents are paying twice as much for electricity as they did last year. (ABC Western Qld: Grace Nakamura)

Typical regional household bills will fall by 6.9 per cent and businesses by 8.1 per cent, starting from July 1.

Townsville hospitality business owner Allan Pike said it was positive news.

Allan Pike says the news is a welcome relief amid high operational costs. (ABC North Queensland: Meghan Dansie)

Mr Pike said businesses in his region were feeling the pinch from high operational costs.

"Power for north Queensland is fairly astronomical at the moment, and it has been for a long time," he said.

David Crisafulli says he wants Ergon Energy to pass on the savings. (ABC News: Mark Leonardi)

It is the first time regulated regional electricity prices have decreased in five years, following a 7.2 per cent decrease in the flat rate for the state's south-east corner, set by the Australian Energy Regulator in late May.

Speaking in Townsville, Queensland Premier David Crisafulli said the government expected regional power supplier Ergon Energy to pass the savings on in full.

"People are under an immense amount of pressure — rising fuel prices, rising rents, rising interest rates. This is only a small bit," he said.

"The message is clear to Ergon, pass on the savings in full. Lock, stock and barrel — no ifs, not buts, no maybes, no hidden costs."

Electricity tariffs in regional Queensland are aligned with tariffs in the south-east corner, subsidising the higher costs of supplying electricity to regional and remote parts of the state.

The determination for regional Queensland comes after cuts to the safety-net price, or default market offer, in several states, announced by the Australian Energy Regulator in late May.

The chair of the national energy regulator says wholesale prices did not increase despite the Middle East conflict. (ABC News: Daniel Mercer)

Australian Energy Regulator chair Clare Savage said the falling prices wer