Queensland power prices have fallen almost 15 per cent, thanks to the Palaszczuk Government’s COVID-19 utilities rebate, the latest Australian Bureau of Statistics figures show.
ABS cost of living statistics released today show power prices in Brisbane fell 14.8 per cent in the June quarter compared to the March quarter – thanks to the $200 utilities rebate.
Separately, regional Queensland household power bills fell for the third year in a row from 1 July taking savings for households to about $600 over three years.
Energy Minister Dr Anthony said the Palaszczuk Government introduced the rebates to help households and businesses deal with the financial impacts of the global pandemic.
“Queensland’s economic strategy for recovery is focussing on jobs – and helping households manage as we recover,” Dr Lynham said.
“Our $200 utilities rebate is reducing the cost of living – and there’s more to come.
“There’s another $50 credit off power bills w from September: as a dividend payment for Queenslanders as the owners of our energy businesses. “
Today’s consumer price index comparisons show Queensland was one of only two states or territories with falling power prices impacting the cost of living.
The other state was Western Australia, where prices fell just 4,.3 per cent, compared to Queensland’s tumble of 14.8 per cent.
Dr Lynham said households statewide would receive a total of $250 in utility relief this year.
“This is only possible because Queenslanders own our energy assets. That’s why we have the energy trifecta, lowest average prices on the eastern seaboard, reliable supply and a panned transition to a renewable future.”
