LNP Deputy Leader and Shadow Treasurer Tim Mander has slammed the Palaszczuk Labor Government's CleanCo announcement as nothing more than a PR stunt.
"Today's announcement is nothing more than hollow rhetoric from the Palaszczuk Labor Government," Mr Mander said.
"Labor is wasting hundreds of millions of dollars of money they don't have on a scheme that experts say won't make any difference.
"The ACCC, the Queensland Competition Authority and the Electrical Trade Union have all said Labor's CleanCo won't work – it won't lower prices.*
"So why is Labor refusing to abandon a failed policy?
"There was no money in the Budget for Labor's CleanCo but now they have 'found' $250 million to progress the development.
"This is just another example of Labor's economic incompetence.
"When will Labor come clean with Queenslanders about CleanCo?
Mr Mander said many Queensland families were struggling because of high electricity bills under consecutive Labor Governments.
"Every dollar counts in the family budget and action is needed now to lower electricity bills," Mr Mander said.
"In contrast to Labor, who use electricity as a secret tax, the LNP have a real plan to lower electricity bills for Queensland families.
"Annastacia Palaszczuk needs to swallow her pride, adopt the LNP's policy and save Queensland families real money."
*Comments from ACCC, the Queensland Competition Authority and the Electrical Trade Union regarding CleanCo:
The ACCC has said
"A renewable-only portfolio is unlikely to offer the same level of competitive constraint in the market due to the way renewable generation is typically bid into the market."
Page 93 Retail Electricity Pricing Inquiry – Final Report
The Queensland Competition Authority has said
"It is not possible to quantify any potential [price] impacts for this determination"
Page 37 Final Determination Regulated retail electricity prices for 2018/19 May 2018
The ETU has said
"The whole Government process seems to be a PR exercise. They expect a rubber stamp and we will not be part of a sham process that hangs Queensland workers out to dry."
ETU Media Release