26 September 2023

Power to bring profit to the people

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The Department of Energy and Public Works says the State’s publicly-owned power assets have announced their fifth dividend in four years.

The Department said as a result, $50 would be delivered to more than two million Queensland households.

Minister for Energy, Renewables and Hydrogen, Mick de Brenni said the Asset Ownership Dividend would appear on power bills from this month.

“We’ve arranged with electricity providers to automatically apply the credit, so Queenslanders don’t have to apply,” Mr de Brenni said.

He said the more than $100 million in dividends was part of more than $350 million in rebates and dividends to directly help Queensland households and businesses with the cost of their utilities in this financial year.

Mr de Brenni said the Government was also allocating more than $2 billion to supercharge renewables.

“Our $2 billion Renewable Energy and Hydrogen Jobs Fund is going to create jobs, boost manufacturing and deliver cleaner, cheaper energy to Queenslanders,” he said.

“Investing in renewables is a key part of our plan to unite and recover from the COVID-19 pandemic because we know renewables deliver jobs and economic growth.

The Minister said since 2015, 44 large-scale renewable projects had delivered about 7,000 construction jobs in Queensland and $10 billion worth of investment.

“For a fourth year in a row, regional power prices have fallen with renewables driving down prices,” he said.

Mr de Brenni said Queenslanders could now provide feedback on how renewable investments could benefit their families, jobs and region.

“Now is the time to have your say in a survey on how the next wave of renewables investments can benefit you and your community,” he said.

“We’re after community feedback on Queensland’s three Renewable Energy Zones – Southern, Central and Northern.”

The survey closes on 30 September and is available at this PS News link.

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