Queensland’s energy minister has denied publicly owned electricity generators are overbidding in the wholesale power market and driving up prices for consumers.
Household and business electricity bills will surge at least nine per cent across Queensland, with firms in the southeast set to cop a 19.8 percent rise in 2022/23.
Retail bills are rising on the back of wholesale electricity prices quadrupling to $171 (US$124) per megawatt-hour in the year to March.
Climbing international coal and gas costs lifted Queensland wholesale prices to $283 MW/h—the highest level on record—in May.
Energy Minister Mick de Brenni has denied state-owned generators Stanwell Corporation and C S Energy have been price gouging on the National Electricity Market….