Should have privatized —Queensland Government continues Electricity RIP OFF —-Private companies would have charged less

Leave a comment

Ergon and Energex dividends to Queensland Government triple, electricity lobby group says prices too high

Updated about 6 hours ago

The Queensland Government’s dividend from state-owned power companies has tripled in one year, prompting a call for profits to instead be passed onto consumers via lower power bills.

The Energex annual report, released last week, shows dividends paid to the State Government rose from $406 million in 2014 to $1.3 billion in the 2014-2015 financial year.

Alliance of Electricity Consumers lobby group spokesman Jonathan Pavetto told 612 ABC Brisbane Ergon dividends rose from $400 million to $1.9 billion over the same period.

He said profits for Ergon and Energex doubled in one financial year.

“It’s quite clear that electricity prices are too high,” he said.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s