The pre-election plan to cut power bills
DIVIDENDS from Queensland's government-owned power corporations will be used to help deliver cheaper power bills for consumers in a major pre-Election sweetener announced by Premier Annastacia Palaszczuk.
About $300 million will be diverted to an "affordable energy plan" from January 1 which includes a range of rebates.
Consumers will be offered rebates of up to $300 if they purchase energy-efficient appliances including up to $50 a year for fridges and washing machines and $135 a year for airconditioners.
Ms Palaszczuk said $50 a year - given over the next two years - would be slashed from power bills.
"This is your dividend coming back to you," she said.
Regional Ergon consumers who take up monthly billing options could save $75, among other sweeteners.
It follows a threat to retailers that the State could re-enter the market if they don't help drive down power prices.