Power prices in regional Queensland are set to jump by 9.2% next financial year because of the surging cost of coal and gas, as a new report details how customers are ultimately paying the price for delays in developing large-scale renewables projects.
The Queensland government, which owns most of the state’s power generators, has a 50% renewables target but says coal plants won’t close ahead of schedule and will “continue to play a significant role in our electricity system”.
