New electricity prices were released today in the QCA's latest price determination for regional electricity prices for 2019-20.
New electricity prices were released today in the QCA's latest price determination for regional electricity prices for 2019-20. FILE

Electricity bills to fall in regional Queensland

A TYPICAL regional Queensland household is expected to shave $62 off its household bill each year while small business bills are expected to drop $144.

Speaking from Mackay this morning, Queensland Energy Minister Anthony Lynham said the fall for a typical regional household represented a 4.4 per cent decrease, and for small businesses, a 5.8 per cent drop on the current 2018-19 prices.

He said renewable energy policies were helping put downward pressure on prices as well as cutting emissions.

"The Queensland Competition Authority report notes that about 5200 megawatts of new renewable generation is entering the National Electricity Market, with 1350 megawatts committed in the Queensland market,” Dr Lynham said.

"The report also notes that the newly announced, publicly owned clean energy generator CleanCo would contribute to reducing price volatility and drive down wholesale prices in the future.

Premier Annastacia Palaszczuk said it was the second year in a row the independent Queensland Competition Authority had recommended a price cut.

"Bills fell this year and will fall again from 1 July, meaning all up over two years a typical small business will have saved $230 and a typical household, $82,” she said.

"I know it will be welcome news, because every dollar counts when it comes to the cost of living.”

The prices were released today in the QCA's latest price determination for regional electricity prices for 2019-20.

The QCA determines annual regional electricity prices, taking into account what consumers are paying in the competitive south-east Queensland market.

The Palaszczuk Government says it has then subsidised the actual costs of delivering electricity so that consumers pay the price the QCA determines.

Opposition leader Deb Frecklington said the LNP's plan would save customers $300 a year, suggesting Labor should have adopted her party's plan.

"While I welcome today's QCA announcement that regional electricity prices will fall by just over a dollar a week for tariff 11 residential customers next year, our plan for long term structural reform will see savings of $300 a year,” she said.

"Instead of just pretending to care about regional Queensland, Annastacia Palaszczuk should have announced that she is copying our regional electricity policy.

"I believe regional Queenslanders deserve the same as those in the south-east corner ... for too long Ergon have had a monopoly on regional Queensland.

"South East residents have more than 20 energy providers to choose from and I believe all Queenslanders deserves cheaper power bills.”


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