The response from Annastacia Palaszczuk’s Energy Minister to a recent report by the Grattan Institute – an independent and well renowned policy think tank was gobsmacking.
The fact is Queenslanders are paying record high electricity prices and are getting ripped off.
Now, more than ever, household budgets are under strain from soaring costs and people are feeling the pinch.
The Institute found there was an over investment in the network by some $20 billion and Queenslanders are paying hundreds of dollars a year more than they should be as a result.
Labor could take action now to bring prices down for consumers and businesses but instead they’re doing nothing.
For example, the Grattan Institute says that writing down the value of electricity distribution networks will reduce bills for consumers at the expense of future revenue for state governments.
That was the LNP policy at the last state election.
Network costs are the biggest proportion of electricity bills for most customers. For the average residential consumer, an estimated 42 per cent of the bill is paid for gold-plated networks.
The fact is prices will continue to rise under Labor because they are dictated to by the ETU and have been caught out using electricity as a secret tax.
Queenslanders have had enough of electricity bill rip offs. — Deb Frecklington Liberal National Party Leader