Power bill relief on the cards as wholesale prices fall

Electricity customers in NSW, South Australia and southeast Queensland can expect bill savings. (Julian Smith/AAP PHOTOS)

Australian households and small businesses in eastern seaboard states are on track for power bill relief thanks to lower wholesale prices, and despite the war in the Middle East.

Customers could pay as much as 10 per cent less on electricity this financial year compared to the 12 months prior under the Australian Energy Regulator's draft determination.