The LNP’s plans to split the state’s electricity generators into three will raise state generation costs by 33 per cent – and is purely motivated by the party’s ideological obsession with privatising the state’s assets.
Not4Sale Campaign spokesman Stuart Traill said the demerger of Stanwell and CS Energy into three companies would see an unnecessary 33 per cent increase in operating costs, despite the LNP claiming they would save more than $130 million over three years.
Under the AER’s mandatory ring fencing guidelines each generator is required to be totally self-sufficient, requiring all the support staff and resources of a separate company.
“This plan will only hit Queenslanders harder in the hip pocket than the 43 per cent power price increases we saw in less than three years under the last LNP Government,” Mr Traill said.
“It’s a wasteful proposal right out of Nicholls’ time as Treasurer when he fattened up the GOCs for asset sales.
“The only plausible explanation for this unnecessary duplication is that Mr Nicholls’ wants three generators rather than two that he can hawk off to the LNP’s big business mates for sale.”
Mr Traill said he expected, if elected, Mr Nicholls would announce a budget emergency and immediately push to sell off assets if he was returned to government.
“This is the man who wasted millions of taxpayer money to sell a plan to sell our state’s assets, and he is desperate to get back into power to finish the job,” Mr Traill said.
“He has zero credibility on electricity prices given the record price rises during his term in government.
“The best way Queenslanders can protect themselves from power price rises is to keep our power assets in public hands. And the only way to do that is to put the LNP and One Nation last.”