Panel to target electricity price cuts in QLD

With future electricity prices uncertain in many states in the lead-up to the carbon tax pricing scheme beginning on July 1, the Queensland government has taken action in an attempt to spark reform of the state's energy industry.

According to AAP sources, Queensland's energy minister Mark McArdle told Parliament that a three-person independent review panel has been assembled to assist with reforming the energy industry in the state, specifically focused on "spiralling electricity prices and the causes of those rises".

Headed by Ergon chief executive Tony Bellas, the panel will target the major power suppliers in Queensland, including Powerlink, Ergon and Energex.

"Everything, from corporate structures, executive numbers, down to the cost of wires and power poles and other matters that drive prices will come under the microscope," Mr McArdle explained.

For those consumers who feel that they aren't getting the best deal on their electricity, or who would like a change of supplier, remember that switching your power company could save you money in the long-term.

Undertaking an electricity comparison could help you to learn more about how you can take control of your expenses and secure more cost-effective energy for your home or business.

Posted by Charlie Moore