May 28, 2010

It's Official: Power prices to rise 13% in Qld

SMH.com.au

Electricity prices are set to rise in Queensland by 13.29 per cent on July 1.

The Queensland Competition Authority (QCA), which announced the rise on Friday, said it was due to an increase in the cost of transmission, distribution and coal and gas.

The QCA said in its report transmission and distribution costs had rise by 17.4 per cent as "significant investment" in the distribution networks is rolled out.


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COMMENT: And Premier Peter Beattie said electricity prices
would not rise in Queensland as a result of privitisation.


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