It currently costs more than twice as much to deliver electricity to Townsville compared with Gladstone.
A major study by Townsville Enterprise determined a coal-fired power station in North Queensland would put strong downward pressure on electricity prices. Reliable and affordable baseload electricity is essential for key LNP economic drivers such as the agriculture, manufacturing and resources industries.
There are currently nine coal-fired power stations in Queensland, the most northern of them at Rockhampton – 600km from Townsville. North Queensland is missing out on affordable and reliable electricity and the jobs, industry and opportunity that come from a baseload power station.
Electricity prices have increased by more than 109 per cent over the last decade. Under Labor, electricity prices continue to rise. In fact, they’re at record highs.
Labor has ruled out a coal-fired power station in North Queensland, based purely on ideology and to secure Greens preferences in inner-city Brisbane seats.
Labor’s opposition is despite Australia’s Chief Scientist Dr Finkel, Townsville Enterprise and the Minerals Council of Australia all releasing independent reports that show electricity from coal-fired power stations is cheaper than renewables.
The LNP’s energy policy has always been based on affordability and security, not ideology.
In government, the LNP:
- Froze the household Tariff 11 for one year, saving an average household $120
- Opposed the Carbon Tax, saving an average Queensland household $170 every year
- Reduced wasteful expenditure on network infrastructure – which would have increased electricity prices – by $7 billion
- Closed Labor’s Solar Bonus Scheme, which is expected to cost Queenslanders around $3.4 billion by 2028, and
- Maintained the Uniform Tariff Policy to ensure regional Queenslanders don’t pay more for electricity than people in south-east Queensland.
OUR REAL PLAN
A Tim Nicholls-led LNP Government will facilitate the development of a coal-fired power station in North Queensland by fast tracking regulatory approvals.
The LNP’s Minister for State Development will designate a coal-fired power station built by a private proponent as a 'prescribed project'. A prescribed project is one which is of significance, particularly economically and socially, to the state or a Queensland region.
The purpose of declaring a prescribed project is to overcome any unreasonable delays in obtaining regulatory approvals.
It enables the Coordinator-General, if necessary, to intervene in the approvals process in a number of ways to ensure timely decision-making for the prescribed project.