The Queensland Competition Authority (QCA) draft determination, Regulated Retail Electricity Prices for 2016–17, proposes increasing electricity prices for irrigation tariffs by a further 10.3 per cent, more pain for Cane Growers and other irrigators.
The sharp increases (96 per cent over the past seven years) are unsustainable and are in danger of putting Queenslanders out of business.
Irrigators face the difficult decision of choosing between a 23 per cent loss in production or a 40 per cent increase in electricity costs to apply the extra water to maintain production. It is a loss–loss situation for them.
In stark contrast, electricity supply companies continue to enjoy super profits. Despite being one of the least efficient transmission networks in Australia.
Powerlink is one of the country’s most profitable companies. No other ASX 50 stock comes close to it.
For a $401 million investment, the Queensland government has achieved a return of $9.4 billion over the past 15 years. This is 23 times the returns of Lend Lease, 15.5 times those of Telstra, 10 times those of NAB and BHP and well ahead of Woolworths.
There seems to be so much focus on profit taking by State-owned electricity network operators, that no one appears to be listening to the concerns of users who will have only one option – to stop using electricity all together and seek alternative sources of energy.
This will only increase the costs further for those left on the grid.
To take the enormous pressure off the end users – Queensland farmers, businesses, householders – the State Government needs to show some leadership and call an immediate halt to any further increases.
Kerry Latter, CEO, Canegrowers
as a matter of WHEN, not IF.
The whole Daintree was within the legal distribution area of the electricity provider at the time, If you don’t like it why don’t you move? Not many people are willing to buy a property without electricity supply, or even if they are then they will not pay a realistic price, as they have trouble obtaining finance.
A grid will bring over-development to a pristine area.
WRONG! A three point plan was agreed on between government and stake holders in 2009.
You bought cheap land because there was never going to be any grid power, it was never promised.
WRONG! FNQEB was ready to put electricity in, it was only a matter of WHEN, and not IF, for many years. Various politicians over the years
committed to the provision of mains power.
You can not expect the Govt to pay a grid from public money. Why not? All other infrastructure in Australia was built with public money. Nowhere else in Australia have residents had to get together to discuss and finance their own basic infrastructure. Hundreds of millions have been spent on solar farms near Cooktown and Weipa, and 34 remote indigenous communities have power grids built and maintained from public money.
The Queensland Government has created this mess by a.) approving the subdivision of the Daintree and b.) banning grid power and excluding the area from the distribution area of the state’s electricity supplier.
Rob Lapaer, Daintree