Power rip-off

Whitsunday Times - - YOUR SAY -

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

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