Dr Anthony Lynham
Almost two million Queensland households will receive a $50 credit on their next power bill to fulfil a State Government promise to make electricity more affordable.
Energy Minister Dr Anthony Lynham said the $50 dividend was the first of two annual payments made possible because of public ownership of the state’s power assets.
“We can return dividends from our power business because its owners are the people of Queensland,” Dr Lynham said.
“I strongly encourage Queenslanders to check their next power bill for the line item showing the $50 credit.”
The $50 dividend will be applied automatically by all electricity retailers this year, and again next year.
“We understand the cost of living pressures faced by all Queenslanders, especially our most vulnerable who will benefit the most,” Dr Lynham said.
The $50 asset ownership dividend is an element of the government’s Affordable Energy Plan, which also includes:
- A two-year cap on electricity price rises to average inflation
- Rebates of up to $300 for energy efficient air conditioners, washing machines and fridges
- Rewards of up to $75 for households and $120 for small businesses in regional Queensland who take up Ergon Energy’s monthly billing options
Eligible Queensland pensioners and seniors also receive a $340 annual electricity rebate.
Dr Lynham said the government’s Affordable Energy Plan would continue to place downward pressure on power bills.
The independent Queensland Competition Authority last month flagged prices would drop in regional Queensland next year.
