{"id":260621,"date":"2020-06-25T15:52:47","date_gmt":"2020-06-25T05:52:47","guid":{"rendered":"https:\/\/southburnett.com.au\/news2\/?p=260621"},"modified":"2020-06-25T15:52:47","modified_gmt":"2020-06-25T05:52:47","slug":"power-prices-to-drop-again","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2020\/06\/25\/power-prices-to-drop-again\/","title":{"rendered":"Power Prices To Drop Again"},"content":{"rendered":"
\"\"
Renewable energy projects like the Coopers Gap Wind Farm are helping to drive down the State’s power prices, the Queensland Competition Authority says<\/figcaption><\/figure>\n
\"\"
Queensland Energy Minister
Dr Anthony Lynham<\/figcaption><\/figure>\n

June 25, 2020<\/strong><\/p>\n

Regional power bills will drop by an average $84 a year for households and $75 for small businesses in 2020-21, the State Government announced on Thursday.<\/p>\n

The latest cut is the third year in a row electricity prices have fallen.<\/p>\n

The new prices were released by the Queensland Competition Authority in its determination of regional Queensland regulated power prices for 2020-21.<\/p>\n

Speaking in Mackay, Energy Minister Dr Anthony Lynham said the price reduction was welcome news for regional households and business.<\/p>\n

“Queensland is fighting back from COVID-19, and cost of living relief for households and business cost relief for employers are important,” Dr Lynham said.<\/p>\n

“Today\u2019s news – the biggest drop in 15 years – tops off a range of rebates and relief measures we already have in place to help Queensland recover.”<\/strong><\/p>\n

He said reduced prices over the past three years had led to savings of $166 a year for a typical regional household and around $299 a year for a small business.<\/p>\n

“This comes on top of two individual $50 dividend payments over the past two years, and $200 COVID relief off utility bills (power and water) and $500 for small business,” Dr Lynham said.<\/p>\n

He said the government had also locked in another two annual $50 dividend payments for the next two years.<\/p>\n

“Queensland has the energy trifecta: lowest average wholesale prices on the eastern seaboard, reliable supply and a planned transition to a renewable future,” he said.<\/p>\n

“We are forecast to reach 20 per cent renewable generation this year and we are on target to reach 50 per cent by 2030.<\/p>\n

“Our publicly owned clean energy generator CleanCo will continue this growth with its remit to bring on an extra 1000 megawatts of clean energy by 2025.<\/p>\n

\u201cOur renewable energy revolution is important to power bills, as the QCA notes that more renewable energy is contributing to lower wholesale prices.<\/p>\n

“We can do this because Queenslanders own our energy assets.”<\/p>\n","protected":false},"excerpt":{"rendered":"

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