June 16

Renewables drive regional power prices down again

first_imgRenewables drive regional power prices down again Minister for Energy, Renewables and Hydrogen and Minister for Public Works and Procurement The Honourable Mick de BrenniRegional Queenslanders will save even more on their electricity accounts from July with renewables driving the biggest drop in power prices in more than 16 years.The Queensland Competition Authority (QCA) has confirmed the savings in its Regulated retail electricity prices for 2021-22 report, released today.Minister for Energy, Renewables and Hydrogen Mick de Brenni said the Palaszczuk Government’s plan to deliver cheaper, cleaner energy was in action.“An affordable, reliable energy supply underpins our economic recovery, and today is further proof renewables is playing a central role,” Mr de Brenni said.“For the fourth year in a row, Queensland’s renewable revolution is driving power prices down across the state.“That means even more savings in regional Queenslanders’ hip pockets from July 1.“Households will save an average $101, while small businesses will pocket an extra $79 – an annual fall of up to 3.7 per cent.”Chamber of Commerce and Industry Queensland’s Amanda Rohan welcomed the projected decrease in electricity prices for regional businesses.“We know how important affordable electricity prices are for Queensland’s small business community post-pandemic, so any decrease in cost is welcome,” she said.“CCIQ continues to work with the Queensland Government to deliver the CCIQ ecoBiz program that helps businesses to reduce their energy, water and waste costs.”Mr de Brenni said the Palaszczuk Government’s $2 billion Queensland Renewable Energy and Hydrogen Jobs Fund would support government-owned businesses to expand ownership of renewable energy generation and storage.“By owning our power assets and ensuring we maintain a majority ownership share of generation, we will ensure that returns come back to Queenslanders,” he said.“In fact, more returns are set to come for households with another $50 Asset Ownership Dividend to be delivered right into the pockets of Queenslanders in the second half of this year.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, business, Chamber of Commerce, commerce, community, electricity, energy, Government, hydrogen, industry, Minister, Palaszczuk, QLD, Queensland, renewable energy, Renewables, Small Business, the Pocketlast_img read more