The Palaszczuk Labor Government has been caught snatching $5bn from Queensland househols through massive electricity price-gouging.
A report by energy analyst Hugh Grant has confirmed that almost half of the network charges paid by customers was going straight to the Queensland Government.
I am concerned that millions of Queenslanders are struggling to pay their bills while their own government makes a massive 47% profit margin.
Labor pockets an average of $470 from every household and then boasts it’s handing $50 back to consumers.
The Grant report slammed Queensland’s 2006 move to national network regulation as a ‘catastrophic failure’ that had led to price increase, ‘gold-plating’ of the network and huge profits.
It’s time to take immediate action to relieve the pressure off households. We need to extend retail competition to regional Queensland and more transparency in the market to help struggling families.
Labor’s electricity rip-off is not just hurting households, it’s hurting businesses too and destroying jobs.