A sharp price spike to populist politics

Power prices are surging in Queensland and its government is looking to deceptively shift the blame to renewables and the carbon price. In reality, it just shows why politicians should never suggest they can control the cost of living.

The Queensland utility regulator, the Queensland Competition Authority, has authorised what it terms “sharp” price rises for those customers still on regulated tariffs (30 per cent of residential customers).  But it has provided somewhat of a reprieve for solar PV owners, backing away from the idea of charging them a separate network charge. However, it is still recommending solar owners be forcibly shifted to another tariff structure which would most likely leave them worse off.

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