Queensland regional households and small business solar panel owners are in line for a cost of living boost with a 41 per cent increase in the feed-in tariff.
Minister for Energy, Renewables and Hydrogen Mick de Brenni said the Queensland Competition Authority’s regional solar feed-in determination today would save about 150,000 customers up to $200 a year.
Mr de Brenni said the QCA’s determination was further proof Queenslanders were benefiting from the Palaszczuk Government’s backing in renewables.
“We know Queenslanders have backed solar, with the highest penetration of rooftop solar in the world,” Mr de Brenni said.
“Today’s determination means regional Queensland families and small businesses will see more money in their pockets.
“We know every dollar counts right now.
“That’s why the Premier announced a $175 Cost of Living Rebate off power bills last week and free flu jabs.
“This determination means even more relief for family budgets and small businesses outside the southeast, money that will be spent throughout communities across regional Queensland.”
Queenslanders will also receive a $175 Cost of Living Rebate on their next power bill, bringing to $575 the dividends Queenslanders have received over the past four years.
Minister de Brenni said the Queensland Government was also investing more than $2 billion to supercharge renewable energy supply and significant battery storage to produce cheaper, cleaner energy but has gone it alone for years.
“We are getting on with the job but the hangover of nine years of the failed Abbott-Turnbull-Morrison Government and their flatlining on renewables investment is impacting on cost of living for Queenslanders,” Mr de Brenni said.
“Queensland Competition Authority has pointed to the impact of the invasion of Ukraine on gas prices in its determination.
“We’re working hard to keep downward pressure on prices because every dollar counts right now for Queensland households,” Mr de Brenni said.