Gold Coasters could slash their household bill by hundreds of dollars each year, thanks to a new player in the electricity market.
Alinta Energy will offer new residential and small business customers a two year discount of 25 percent from today as part of its joint venture with government-owned CS Energy.
Premier Annastacia Palaszczuk said the government had been sparked into action by soaring power prices which are causing about 460 Queenslanders a week to be disconnected.
“This new venture will inject new competition into the retail market and I am pleased our government-owned corporations like CS Energy are actively helping to put downward pressure on power prices to benefit consumers,” Ms Palaszczuk said.
“Now is the time for all retailers to step up and see if they can match these lower price offers. They are welcome to discuss potential opportunities with our government-owned generators for similar creative and structured products.”
Treasurer and Acting Energy Minister Curtis Pitt said the Palaszczuk Government’s Powering Queensland Plan had helped deliver the lowest wholesale prices in the national electricity market.
“I also encourage Queenslanders to check their eligibility to a range of concessions and rebates, including the increased $340.85 annual electricity bill rebate,” Mr Pitt said.
To check your eligibility for Queensland Government concessions and rebates visit www.qld.gov.au/smartsavings