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*** Would be funded through the increasedcoal royalty revenue the state receives when global energy prices are higher.

Brisbane news live: Premier promises cheapest power bills in Australia

Updated October 4, 2024

A day after promising to create a new public power retailer, Premier Steven Miles said on Thursday his party would guarantee Queenslanders lower bills than the average mainland national market price.

The guarantee is essentially a safety net to be offered through the proposed new retailer’s pricing, or via rebates, and would be funded through the increased coal royalty revenue the state receives when global energy prices are higher.

“We are so confident that our plan for the energy network will deliver cheaper wholesale prices that we are able to introduce this guarantee for all Queensland households, that they will always have the cheapest power in Australia,” Miles told journalists.

He made his announcement at a campaign stop at the state-owned Stanwell power station outside Rockhampton, as David Crisafulli campaigned an hour’s drive east at Emu Park.

Crisafulli,at Emu Park for a youth mental health announcement, said he supported interim cost-of-living measures such as the rebate, and also promised to manage the state’s power assets better to “drive down the ongoing costs”.