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Then, owing to the green levies change, it dropped prices by 2.6% on 28 February.
This was followed by a cut of 3.3% at the end of January, owing to the green levies change.
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But other banks are under pressure, with Barclays down 2.35p at 259.20p and HSBC - which ought in theory to get a similar boost to Standard from any levy change - 5.3p lower at 608.4p in the wake of Tuesday's strategy update.
The green levy change brought a 3.5% reduction on 24 March.
There was no acrimonious public debate about the off-site levy changes, no grandstanding about ending sprawl.
EDF and E.ON took the levy changes into account in the recent round of price rises, increasing tariffs on average by 3.9 per cent and 3.7 per cent respectively - far less than the increases announced by rivals.
However, further modelling would be needed to quantify the impact of the Medicare levy changes on middle-income households who could be worse off than they would be if they were partly or fully compensated under the first GST option.
Turnbull's predecessor as prime minister, Tony Abbott, met premiers and chief ministers in Sydney nearly five months ago and they agreed to have work done on quantifying the impact of various options for GST and Medicare levy changes.
But what most experts agree upon is that the assessments of housing values, the judgment of a house's worth, upon which taxes are levied, should change.
Highly critical EDF unions in France, which have six representatives on the main board, are pressing waiverers among the five independent board members who have previously supported Levy to change their minds.
The party plans to replace the climate change levy with a carbon levy based on emissions rather than on how much energy a company uses, a move it says will be revenue neutral but will offer businesses more encouragement to go green.
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