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