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Queensland Power Prices to rise by $268!

Queensland Power Prices, On The Rise Again

Today marked yet another unnecessary rise in Queenaland power prices. An additional $268 per year will send average power bills from $1184 per year to $1451 after Today (July 1) A 22.5% increase.

Queensland Power Prices charge just to access power will rise today from 26.17c per day to 59.22c per day. A total increase of 126.2%!

The QCA blamed the price rises on the government electricity freeze, the previous Queensland Government’s solar bonus scheme which has added some cost to the network and large increases in revenue allowed by the national power regulator. The changes to an individual’s bill will depend on their tariff and consumption. Treasurer Tim Nicholls said the decision was a further blow for consumers but the QCA had limited room to move, with more than 70 per cent of the price increase determined by network costs and green schemes locked in three years ago.

Given this year’s massive write-downs in government revenue, Mr Nicholls said the government could not afford to pay all consumers an electricity rebate. “What we will be doing is helping those most in need by spending $136 million in the coming year to help pensioners, seniors and concession card holders with their power costs,” he said. “The Government is also doubling the Home Energy Emergency Assistance budget to $10 million to ensure low income households can get an emergency payment of up to $720 if needed.”

 

Read the Full Article on the Sunshine Coast Daily Website here.

Power prices to rise by average $268 in Queensland

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