Newman says huge jumps to power bills are over
PREMIER Campbell Newman said that the end of huge jumps in power bills had arrived - as parliament was set to discuss an energy bill today.
The bill is aimed at increasing competition in the electricity sector in south-east Queensland by replacing retail price controls.
It has been described as a more "light-handed" market monitoring approach.
Mr Newman said the government had been working to improve competitive options in the electricity sector.
Coupled with the axing of the carbon tax, he was confident the reforms would flow through to lower power bills.
"The end of high increases to power prices has now reached that point, I should say, so we've reached the high point of power prices in my view that we inherited from Labor. I think we'll see some very firm downward pressure on power prices from now on," Mr Newman said. - APN NEWSDESK