Shock­ing find­ings

Gatton Star - - NEWS OPINION -

A RE­CENT re­port from Queens­land’s in­de­pen­dent Au­di­tor-gen­eral re­vealed that prof­its at Queens­land big gov­ern­ment-owned en­ergy com­pa­nies Stan­well, CS En­ergy, Pow­er­link and En­ergy Queens­land were $1.9 bil­lion in 2016-17, a stag­ger­ing 45 per cent in­crease on the pre­vi­ous year.

The AG found these enor­mous prof­its were due largely to in­creased prof­its from en­ergy gen­er­a­tion – or, put simply, these com­pa­nies are mak­ing most of their money by over­charg­ing you for elec­tric­ity and all with the bless­ing of the Palaszczuk La­bor Gov­ern­ment.

The find­ings of this in­de­pen­dent third party prove what the LNP has been say­ing for years, that La­bor is us­ing elec­tric­ity as a se­cret tax on Queens­lan­ders who are strug­gling ev­ery week to pay record high power bills.

An­nasta­cia Palaszczuk’s happy for gov­ern­men­towned gen­er­a­tors to rip you off, be­cause then she and her min­is­ters can then rip money out of the gen­er­a­tors to prop up their bud­get.

In stark con­trast, the LNP has an eco­nomic plan for Queens­land which in­cludes mak­ing elec­tric­ity more af­ford­able and re­li­able.

Part of our plan in­volves split­ting the cur­rent two gov­ern­ment-owned power gen­er­a­tors into three to in­crease com­pe­ti­tion be­tween gen­er­a­tors and drive down your prices.

We will also re­form the re­gional elec­tric­ity mar­ket to break Er­gon’s stran­gle­hold over house­hold power sup­ply and end the di­vide be­tween south­east Queens­land and re­gional Queens­land.

SEQ con­sumers have a choice of en­ergy re­tail­ers and so should re­gional Queens­lan­ders. The LNP’S plan should save re­gional house­holds around $300 on their power bills.

Un­like La­bor, the LNP won’t treat re­gional Queens­lan­ders like sec­ond-class cit­i­zens when it comes to power.

— Michael Hart, LNP Shadow En­ergy Min­is­ter

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