A report conducted by the independent Grattan Institute confirmed that Queensland’s publicly owned electricity generation, transmission and distribution was the most secure of all mainland states connected to the National Electricity Market (NEM).
Queensland Premier, Annastacia Palaszczuk, said according to the Grattan Institute and the Federal Government’s Australian Energy Market Operator, Queensland was the only mainland NEM state to be assessed to be “no shortfall” risk for two and 10-year outlooks.
“By keeping these businesses, including a fleet of coal-fired power stations in public ownership, we have kept our electricity supplies the most secure, and put maximum downward pressure on electricity prices,” Ms Palaszczuk said.
“While there has been double-digit price increases in other states, we have kept price increases to an annual average household bills to 1.9 per cent over the last three years.”
As the Grattan Institute report shows, the privatised electricity networks in the other mainland NEM states of New South Wales, Victoria and South Australia present shortfall risks as early as 2019-20.