Here is the vision splendid. The promise is to save a typical Queensland family an average of $160 a year over the next two years, and then a further $300 per year from 2020. LNP leader Tim Nicholls said on TV that the average family would save about 10% on their bills.
I don’t know why that is supposed to be so stunning. Labor is promising $50 pa immediately, plus $146 pa in 2017-18 and $216 pa in 2018-19 from actions taken to put downward pressure on prices since the Queensland Competition Authority struck a new standard price for 2017-18 in early June. Here it is:
Continue reading LNP pledges cheap electricity for Queensland – vision splendid or hoax?
There is no doubt that electricity in Australia has become expensive. Here is a graph on the National Electricity Market (NEM) states, other than Tasmania, against European countries:
It’s from a Carbon + Energy Markets report cited by the ACCC Retail Electricity Pricing: Preliminary Report, September 2017 comparing May 2017 Australian prices with 2015 European prices. The ACCC also note that:
There are currently no national surveys conducted in Australia that inform price reporting around what customers are actually paying.
Which is disconcerting. The one above was based on the weighted median offer of the three largest Australian retailers. Continue reading Electricity bills – Queensland acts because it can