Twice as many taxpayer dollars will be spent on Queensland coal and gas-fired plants this year as they will on installing new renewable energy storage in the state.
Queensland already has the nation’s highest wholesale electricity prices, which experts say is mostly due to its reliance on fossil fuel and lack of energy storage.
Household electricity bills will rise by 10 per cent and while power bills for businesses will soar 20 per cent from July.Invest in the journalism that makes a difference. EOFY Sale. A year for just $99.
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Treasurer Cameron Dick will partly offset that by wiping $14.58 off household monthly bills for the next 12 months.
However, businesses won’t get any support and will likely pass on their extra costs to consumers.
Over the long term, the state government will need to transition to renewable energy sooner if it wants to spare consumers further…
Qld picks fossil fuel over energy storage
