Energy taking centre stage
THE Queensland Farmers’ Federation has welcomed the State Government’s commitment to making energy central in its $1.16 billion pre-budget.
The Powering Queensland Plan is designed to ensure affordable, secure and sustainable energy supply for Queensland homes, businesses and industry, and includes a $386 million plan to strengthen and diversify.
QFF president Stuart Armitage welcomed the government’s commitments to address the issues of increasing electricity costs and security of supply, but reserved judgment until real price relief arrived.
“It is encouraging, but frustrating at the same time, that the government has demonstrated that it has the power to intervene in a broken system to address electricity prices,” Mr Armitage said.
“Something QFF has argued for a long time.”
QFF highlighted the moves to secure more gas supply as a positive sign for the future.
“And to ensure security of supply as renewables play a more important role across Queensland,” Mr Armitage said.
“The acknowledgement and actions to address issues around sourcing and bidding on the national electricity market to supply Queensland also makes sense, including the move to change the Stanwell Corporation’s bidding practices in the National Energy Market with the intention to achieve lower wholesale prices.”
Mr Armitage said any efforts made to apply downward pressure on electricity prices in rural areas is a step in the right direction.
“The financial pressure faced by Queensland businesses due to high and unsustainable electricity prices is now beyond crisis level,” Mr Armitage said.