May 25, 2026, 6:33 PM EDT. Power prices are set to fall across Australia's east coast following the introduction of new Default Market Offer (DMO) rates. The DMO, which sets a benchmark for electricity prices to protect consumers from excessive costs, will bring reductions in household energy bills nationwide. This regulatory move aims to provide relief amid rising energy costs, impacting millions of households dependent on the east coast's power grid. The shift reflects ongoing efforts to stabilize the retail electricity market in Australia.