POWER prices in Tasmania are set to drop by 5.23 per cent next year in line with retail contestability.
The drop could see the average Tasmanian household save about $140 a year.
The independent Tasmanian Economic Regulator has this morning approved a State Government proposal to see a drop in power prices for Tasmanian households and small businesses from January 1.
"The approved standing offer prices represent a 5.23 per cent price decrease compared to the prices applying for the period 1 July 2013 to 31 December 2013," Tasmanian Economic Regulator chairman Glenn Appleyard said this morning.
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