It’s pretty simple: private corporations shouldn’t be making a profit by selling us a basic necessity like electricity.
The idea of a “market” in electricity retail has failed. Since 2006-07, power bills have nearly doubled, rising by 87% in real terms. By contrast, in the twenty years before that, electricity prices actually fell.
Over the last four years, Origin and AGL have made $7.2 billion in profits from electricity retail, and their rich CEOs are taking home massive pay packets. We don’t think this is fair.
The first stage of the Power for People Plan to scrap the privatisation of electricity retail in South East Queensland, and ensure affordable, reliable electricity for all Queenslanders. We would move to a single, public retailer (also replacing Ergon), by expanding Energy Queensland to provide retail services to all Queenslanders.
The Greens’ plan for Energy Queensland:
- No profits – transition Energy Queensland away from a profit-making model towards an efficient public authority
- Cheaper bills – make sure Energy Queensland offers lower prices than existing privately-owned retailers, such as AGL, Origin and EnergyAustralia because it would not operate at a profit, or spend money on wasteful advertising, billboards, or telemarketers – like private retailers do
- Ban Huge CEO Salaries
- Affordable, reliable electricity – enshrine this mission into Energy Queensland’s charter and make the State Energy Minister responsible for retail electricity prices – no more “passing the buck” to regulators or private companies