Political energy debate
LISTENING to the LNP lecture
the Labor Party about electricity is like listening to designers of the Titanic about maritime safety.
Queensland has the cheapest, most reliable power on the eastern seaboard because we stopped the LNP’s proposed plan to sell power assets.
The LNP says it has a plan to push down regional electricity prices by introducing competition.
Labor is already pushing down regional electricity prices, by reinvesting the dividends from our publicly-owned energy companies in electricity price relief.
We are investing almost half-a-billion dollars this year
to subsidise regional electricity prices so families in regional Queensland pay the same as families in the south-east corner.
But re-investing these dividends is only possible because we did not sell these assets, which is what the LNP would have done.
Under the LNP, these dividends would be in the hands of offshore multinationals.
What’s the chance of pleading with boards and CEOs overseas to hand back that money to drive down prices for Queenslanders?
— Anthony Lynham, Minister for Natural Resources, Mines and