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    The Honourable Campbell Newman

    Premier welcomes Origin price wind back

    The Honourable Campbell Newman

    Tuesday, July 17, 2012

    Premier welcomes Origin price wind back

    Premier Campbell Newman today welcomed news Origin Energy would adhere to the State Government’s Tariff 11 freeze as a win for all Queenslanders.

    Mr Newman was an outspoken critic of Origin after the electricity supplier sent letters to customers notifying them of imminent price hikes which would add about $400 to the average annual power bill.

    He put Origin on notice that his family would be changing providers and his MPs would also mount a campaign to encourage people to "shop around" for a better deal.

    Mr Newman said he met with Origin CEO Grant King recently and expressed his dismay at Origin’s electricity increases.

    “I told him directly that my family were saving money by going to another provider and that the government would continue to encourage Queenslanders to shop around for the best deal on electricity prices,” Mr Newman said.

    Following the meeting, Origin announced that a review of pricing processes had resulted in the decision not to raise their market contract prices above the regulated Tariff 11 price which was frozen by the Queensland Government, meaning they would not see the sharp price rises the company had planned.

    “I welcome the decision by Origin to wind back their proposed price increases for Queenslanders on market contracts,” Mr Newman said.

    “This is a win for common sense and a win for cutting the cost of living for Queensland families.

    “The only increase families on Tariff 11 regulated price will see is the cost of the carbon tax, which the Prime Minister claims we’ll be compensated for.”

    Some of the initiatives the LNP Government have introduced to cut the cost of living include freezing family car rego for the first term, reintroducing discounted weekly fares for go card users, freezing the standard domestic electricity tariff and reintroducing stamp duty concessions for the principal place of residence, saving families up to $7,000 on the family home.

    Mr Newman had asked the government to review all contracts with Origin and to seek the cheapest provider for Queensland government business to save Queensland taxpayers money.

    He said Origin’s decision now put them back in the race to be the cheapest energy provider to the Queensland Government.

    [ENDS] 17 July 2012

    Media Contact: Premier’s Office 07 3224 4500