There is grave concern in regional Queensland that the mooted increased cost of electricity is unstainable.
Small business already hit by the loss of revenue and high costs are not going to be able to pass on to their customers any electricity hikes.
The President of the Emerald Chamber of Commerce, Mr. Victor Cominos said “The decision will effect some 700,000 Queenslanders or about 35 per cent of the population”.
Mr. Cominos believes that some 620,000 residents will see their bills increased by 0.6 per cent under the determination.
As usual drought-stricken farmers and other small business customers, can expect a 9.3 per cent annual increase, which equates to about $16 a month.
Every time there is any energy increase whether it is gas, petroleum or electricity, the cost which quite often cannot be passed on to consumers, results in some business closures.
An increase in costs will lead to the decrease in the growth of the Queensland economy.
It will also hurt the low income earners and welfare recipients who are already struggling.
Mr. Cominos said “The proposed increase was deplorable and that he expected it to disadvantage Queensland’s economy and in particular those in small business and domestic users”.
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