Small business in SEQ to miss out on power bill decrease

Wednesday 14 December, 2016

Small businesses are concerned that they will miss out on forecast electricity price decreases over the next two years.

The Residential Electricity Price Trends report released today indicates average residential electricity prices in south-east Queensland are expected to fall slightly in 2017-18. But power bills for the typical consumer will rise by $28 in 2018-19.

CCIQ Senior Policy Advisor Julia Mylne said businesses would continue to see double-digit price rises, as evidenced in the 2016-17 retail price determination.

CCIQ last week criticised the State Government for rejecting Queensland Productivity Commission measures which would have helped reduce electricity costs for small businesses.

Ms Mylne today urged the State Government to step in and do more to help small businesses with their power bills.

“While recent reports have shown that residential consumers have seen electricity price increases of around 1.2 per cent, small businesses across Queensland have experienced electricity price increases between 11 and 15 per cent,” she said.

“CCIQ believes this is the opposite of price stabilisation and is unacceptable for the government to continue to ignore it.

“Energy Minister Mark Bailey needs to address the Queensland small business community with options on how the government plans to support those businesses struggling to cope with continued increases.”

Ms Mylne said small businesses would be disappointed to see bills fall for residential consumers over the next two years, but not for them.

“Queensland small businesses are reaching the end of their tether when it comes to electricity pricing and are concerned their views are not being considered and reflected in decision-making in the energy sector,” she said.

“They are doing it tough, particularly in regional Queensland. In many cases, soaring electricity costs are the final nail in the coffin and forcing small businesses to close.

“CCIQ urges the State Government to take immediate action to provide assistance to small businesses trying to manage these crippling costs.”

 

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