Skip links and keyboard navigation

    Media Statements

    Coat of ArmsMedia Release
    JOINT STATEMENT
    Premier and Minister for the Arts
    The Honourable Annastacia Palaszczuk
    Minister for Main Roads, Road Safety and Ports and Minister for Energy, Biofuels and Water Supply
    The Honourable Mark Bailey

    AGL and Powershop sign up to the Premier’s Affordable Energy Pledge to save Queenslanders

    JOINT STATEMENT

    Premier and Minister for the Arts
    The Honourable Annastacia Palaszczuk

    Minister for Main Roads, Road Safety and Ports and Minister for Energy, Biofuels and Water Supply
    The Honourable Mark Bailey

    Wednesday, October 25, 2017

    AGL and Powershop sign up to the Premier’s Affordable Energy Pledge to save Queenslanders

    Electricity retailers, AGL and Powershop, have signed onto the Premier Annastacia Palaszczuk’s Affordable Energy Pledge to save Queenslanders money on their power bills, following a meeting with retailer representatives yesterday.

    Seven retailers - Alinta, Origin, QEnergy, Energy Queensland (on behalf of Ergon Retail), Energy Locals as well as AGL and Powershop – have now agreed to the sign up to the pledge.

    When notifying the Government of its adoption of the Premier’s Affordable Energy Pledge, AGL stated:

    “We are committed to fulfilling the intent of the affordability pledge and will continue to work closely with the Queensland government.  AGL acknowledges the modelling by ACIL Allen of savings flowing from Queensland Government interventions, and will continue to pass on savings to customers resulting from government initiatives, recognising the individual savings will vary customer to customer.”

    Powershop stated that: “Powershop is committed to Premier Annastacia Palaszczuk’s Affordable Energy Pledge.  Powershop commends the Palaszczuk Government’s initiatives focused on reducing power bills for Queenslanders, is committed to passing on savings to our customers and ensuring customers are aware of electricity concessions available to them.”

    The Premier said pledge commits retailers to pass on the savings from government intervention that have been identified through the ACIL Allen report, as well as passing on in full the $50 asset ownership saving off household customer bills over each of the next two years," she said.

    Minister for Energy Mark Bailey said the pledge was part of the Government’s three-pronged attack on making Queensland power bills more affordable.

    “We’ve already moved to reduce network costs, and to slash wholesale costs through our Powering Queensland Plan announced in June,” Minister Bailey said.

    “Queensland has had the lowest wholesale prices in Australia on average since March this year in Malcolm Turnbull’s broken National Electricity Market and also lowest increase in household electricity prices of any mainland state this financial year at 3.3% with SA/ACT 19%, NSW 11%, Victoria 9.6%.

    “Now we’re dealing with the third component of power bills – the amount charged by electricity retailers.

    “We’re the only Government in Australia that can do this, because we’re the only Government in Australia that owns these power assets.”

    The Premier said the option of re-establishing a publicly owned retailer remains live if retailers do not sign up to the Affordable Energy Pledge, a copy of which is below.

    “Moving forward, I am asking the Queensland Competition Authority to monitor retailers’ pricing on a quarterly basis to ensure these savings continue to be passed on,” the Premier said.

    Queensland Affordable Energy Pledge

    1. Pass on, in full and display on bills to customers the savings in the Government’s Affordable Energy Plan, including the rebate of $50 a year for every household bill over the next two years, starting from January 2018 and evident on bills from the second quarter of 2018

    2. Pass on savings from government intervention that have been modelled by ACIL Allen. The report is available at http://statements.qld.gov.au/Statement/2017/10/24/stopping-lnp-electricity-privatisation-lowers-electricity-prices-study

    3. Fully co-operate with a new Queensland Competition Authority investigation, under the Electricity Act 1994, into electricity bills paid by residential customers in the deregulated south-east Queensland market and comparisons with the regulated market in regional and rural Queensland; and

    4. Assist with advising consumers of electricity concessions available for pensioners, seniors and health care card holders.

    The Premier will publicly announce which retailers adopt the Queensland Affordable Energy Pledge by electricity retailers, so Queensland customers know if their retailer has made the commitment.

    The Premier has also reaffirmed that the Queensland Government reserves the right to re-establish a government-owned retailer, and attract other private sector retailers into the market, to provide additional competition and apply further downward pressure on electricity prices in the deregulated electricity market of south-east Queensland.

     

    Media Contact          

    Premier’s Office:                 Kirby Anderson 0417 263 791

    Minister Bailey’s Office:      Zoe Russell     0428 079 640