Queenslanders set to benefit from political spark over electricity prices

Opposition Leader Tim Nicholls is promising to cut the cost of household power bills if elected at the upcoming Queensland State Election.

The Liberal and National Party leader unveiled his power bill plan on Sunday, saying that he would undertake major economic reforms to end Labor’s “secret tax on electricity.”

Mr Nicholls said that under the LNP Government, Queenslanders would be saving hundreds of dollars within a few years.


“The LNP’s energy plan will save a typical Queensland family an average of $160 each year for the next two years,” he said.

“After 2020 the savings will increase by an average $300 per year by stopping the subsidies for renewable energy.

“This will mean a typical Queensland family will be $460 a year on average better off.”

Mr Nicholls said another key aspect of the LNP’s electricity reforms would include the restructure of government-owned generators back into three entities.

“Currently, Queensland has the least competition of any of the major states,” he said.

“Taking this action will increase competition in the energy generation market, which will drive down wholesale electricity costs by 8.3 per cent.”

But Annastacia Palaszczuk said Mr Nicholls and the LNP cannot be trusted.

“He promised when he was going for office that he would reduce household bills,” Ms Palaszczuk said.

“Not only did he raise household bills by 43 per cent, he had a plan to sell the power assets in this state.”

Labor last month unveiled a $50 power bill savings and power price pledge.

“The Palaszczuk Government will ensure Queenslanders’ power bills are pegged to average inflation over the next two years and cut $50 a year from bills as part of a $2 billion Affordable Energy Plan to provide cost of living relief.”

The Premier said the Affordable Energy Plan will ensure typical Queensland households and small businesses will see “no increase in their power bills above average inflation over the next two years.”