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Electricity price to continue it's spiraling price increase |
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Written by Les Fawkes
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Friday, 18 December 2009 |
The
Queensland Competition Authority recently released a decision on the
cost of supplying power to retail customers in Queensland, including
Sunshine Coast families confirming that a price rise of 13.83% was
justified. This decision is now dependent on public submissions
which are able to be presented until February 12th, 2010.
This price rise is expected to add approximately another $280 a year to an average home power account. Mines and Energy Minister Stephen Robertson said, “This price rise is significantly higher than Government would consider reasonable.”
At the same time as this decision is made the New South Wales’ independent tribunal in it’s report this week suggested a zero per cent increase in the cost of energy.”
Acting Opposition Leader Lawrence Springborg said, “ Peter Beattie and Anna Bligh put their hands on their hearts three and half years ago and promised retail deregulation would deliver Queenslanders cheaper electricity. The changes Labor made to the power industry were supposed to ensure that no one was worse off, but we’re already paying 32 per cent more for electricity than before deregulation and now we’re told there’s another near-14 per cent increase on the way.”
This will be the fourth successive jump in electricity costs since the State Government maid the claime that deregulation would put downward pressure on prices.
“Minister Robertson and the Premier should not walk away from their responsibilities and hide behind what is a draft recommendation of the Queensland Competition Authority.” continued Springborg.
To many people the present series of price rises almost puts electricity into the position of being a luxury and prices will continue to rise as the carbon credit scheme is put into place.
The price of electricity will not be confined to electricity use around the home but everything we use in day to day life relies on electricity to manufacture or grow so it will have a compounding effect on our lives.
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Last Updated ( Thursday, 07 January 2010 )
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Range News 2005 - ON 
