Labor and Annastacia Palaszczuk have been caught out concealing a report that would deliver cheaper electricity to Queenslanders.
LNP Leader Tim Nicholls has called on Annastacia Palaszczuk to back the finding of her own government and adopt the LNP policy for a high-efficiency, low emissions coal-fired power station in North Queensland.
“Annastacia Palaszczuk and Labor have been caught out trying to suppress a secret report,” Mr Nicholls said.
“Instead of acting to deliver cheaper electricity, Annastacia Palaszczuk did nothing.
“Instead of trying to lower electricity bills, Annastacia Palaszczuk has imposed a renewable energy target that will cost Queensland families around $200 more a year from 2020.
“Queensland families are paying record high electricity prices because of a do-nothing Labor government.”
The report for the Department of Energy and Water Supply shows an ultra-supercritical coal-fired power station in North Queensland would be “highly profitable” at electricity prices of between $50 MWh and $75MWh.
The Net Profit Before Tax would be $1.6 billion under the scenario of $75 MWh, and significantly more based on last year’s average spot market price of $103 MWh in Queensland.
An ultra-supercritical coal-fired power station in North Queensland would be economically viable and have a long run marginal cost lower than current wholesale electricity prices.
“The LNP will act on the cost of living and deliver cheaper electricity,” Mr Nicholls said. “Cheaper electricity makes it easier for families to get ahead and means more jobs for Queenslanders.”
Earlier this year the LNP released their policy to build with the private sector a high-efficiency, low emissions (HELE) power station in North Queensland.
