Our plan to reduce electricity prices

“If elected at the next state election, the LNP will restructure our government-owned power generators from two to three entities and, we will introduce desperately needed competition into the regional electricity market.”

“Labor’s own modelling shows that a restructure would reduce wholesale prices by more than 8 per cent.

“This is a long-term structural reform backed by the Australian Competition and Consumer Commission, also falling in line with the federal government’s plans.

“Introducing competition has the potential to reduce power bills by up to $900 over three years.

“Even Labor’s own productivity commission report recommends that competition be introduced into the regional market, so that’s exactly what the LNP will do.

“Those in the South East corner are spoilt for choice when it comes to their electricity retailers, yet Bundaberg residents are chained to Ergon.

“Exorbitant cost of living prices is a major concern for Bundaberg residents and the LNP is the only party with a real, long-term plan to fix the soaring cost of electricity in communities like ours.”

Wednesday 22 May, 2019