Wednesday, September 30, 2020

-

Home Queensland Government Queensland $50 dividend will be applied as a credit on your electricity...

Queensland $50 dividend will be applied as a credit on your electricity bill

Dividends from our publicly-owned companies flow not to multinational shareholders overseas, but to Queensland families across the state.

Queenslanders pay the lowest average power prices of any mainland state in the National Electricity Market, “Ms Trad said.

“Unlike other states, the dividends from our publicly-owned companies flow not to multinational shareholders overseas, but to Queensland families across the state.

“The $50 dividend will be applied as a credit on your electricity bill. Your electricity retailer will apply this credit from the second half of 2020.

“Today’s announcement means that over five years, Queenslanders will have pocketed $250 from their dividend payments.”

“With our new publicly-owned low emission generator CleanCo now pumping more renewable energy into the grid and CS Energy and Stanwell Corporation working on research to produce renewable hydrogen as an energy source, our publicly owned generators will  continue to supply Queenslanders with affordable, reliable power for generations to come.”

Ms Trad said public ownership of power assets and the government’s clear energy policy was successfully placing downward pressure on power bills.

“Last year a report from the Auditor-General confirmed that the Queensland Government’s Powering Queensland and Affordable Energy Plans are working and delivering more stability and lower prices for Queenslanders,” she said.

The report outlined that, in 2018-19 alone, the state government gave back $1.07 billion to consumers in the form of rebates and subsidies, including funding to support the additional cost of supplying power to regional Queensland. 

“In 2017–18, this government committed to ensure prices would not increase by more than inflation over the next two years for households and small businesses and tick we have delivered,” Ms Trad said.

Energy Minister Dr Anthony Lynham said that cost of living pressures continued to be the focus of the Palaszczuk Government, particularly after the damaging policies of the former LNP Government.

“The $50 dividend is another example of the stark difference between the Palaszczuk Government and the LNP Newman Government, in which then Assistant Treasurer Deb Frecklington sat by as power prices rose 43 per cent,” he said.

“The Palaszczuk Government’s 50%  per cent renewable energy target continues to benefit Queenslanders, with the Queensland Competition Authority last year noting that the continued influx of renewable energy and other government initiatives such as the establishment of CleanCo continue to put downward pressure on energy prices.”

The $50 dividend payment dividend will go to homeowners, tenants, customers who receive an electricity bill from their landlord or body corporate, and customers in communities with card-operated meters.

Deputy Premier, Treasurer and Minister for Aboriginal and Torres Strait Islander Partnerships
The Honourable Jackie Trad

Minister for Natural Resources, Mines and Energy
The Honourable Dr Anthony Lynham

Viral Posts

Press Secretary Kayleigh McEnany, Trump arrives in Democrat-run city engulfed in chaos, peace is restored.

MS. MCENANY: Good afternoon, everyone. The President shows up. When the Trump administration arrives in a Democrat-run city engulfed in chaos,...

McEnany’ The radicals are in control of the Democrat Party. Make no mistake

Press Secretary Kayleigh McEnany. James S. Brady Press Briefing Room:  Good afternoon, everyone.  The radicals are in control of the Democrat...

Trump, The Left and fake Media going after Judge Amy because of her Catholicism.

PRESIDENT DONALD J TRUMP: Does anybody know these two gentlemen in the room? If you don’t, let us know. You shouldn’t...

Press Secretary McEnany Holds a Press Briefing with the US evilest Fake media Journalist

Press Secretary McEnany Holds a Press Briefing with the US evilest Fake media Journalist

Curfew lifted and COVID-19 roadmap is ‘ahead of schedule’ as Melbourne inches towards end of lockdown

Stephen Duckett, Grattan Institute THE CONVERSATION Victorian Premier Daniel Andrews has announced an end to the curfew and a COVID-safe return to work for 127,000 Melburnians,...