En­ergy prof­its

The Western Star - - NEWS | OPINION - — Michael Hart, LNP en­ergy spokesman

A RE­CENT re­port from Queens­land’s in­de­pen­dent Au­di­tor-Gen­eral re­vealed that prof­its at 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 strug­gling ev­ery week to pay record-high power bills.

An­nasta­cia Palaszczuk’s happy for gov­ern­ment- owned gen­er­a­tors to rip you off.

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