Queensland voters fooled over power bills and privatisation

QLD Labor's plan to merge government power generators into one company would be like merging Coles and Woolies. At the same time the LNP must break-up the two government generators into more companies if privatisation is to really deliver lower bills.

While it looks like the LNP will comfortably win the Queensland state election, albeit with a reduced majority, its plan to privatise the power sector is deeply unpopular. Labor has also announced that not only will they refuse to privatise the power sector, but will consolidate the two Queensland Government-owned power generators into one.

This elicited the following rather thought provoking tweet from Kerry Burke, an electricity commodity analyst at Westpac Bank.

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