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Political fight over energy assets

The Queensland energy minister has come under fire for his energy policy from his federal counterpart.

Federal minister Martin Ferguson told the ABC that Queensland minister Mark McArdle should foster an environment of investment and encourage the creation of more energy infrastructure in an attempt to lower the cost for consumers.

News Limited reports that electricity prices have risen by 60 per cent since 2007 with a political debate the end result as the conservative New South Wales and Queensland governments are resisting federal pressure to sell of the state's energy assets.

Mr Ferguson said: "You might think it's smart in the short term to intervene politically in terms of price determinations, in the long term you can end up with greater problems, bigger political problems and I might say, a failure in terms of the electricity system leading to blackouts and shedding.

"In the end, you've got to weigh up your policy responsibilities in the short to medium term, not a quick political decision."

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Posted by Charlie Moore