Labor pledges publicly-owned energy retailer if it win re-election

ABC NEWS (Australia)

Queensland Labor plans to create a new publicly owned energy retailer if re-elected, in a move aimed at providing greater competition to bring down power prices.

Transcript

00:00Stephen Miles began the second day of the campaign here in the Mackay region in North

00:07Queensland.

00:08He made an announcement that if re-elected, Labor would create a new publicly-owned energy

00:12retailer in a pitch aimed at driving more competition and tackling power prices.

00:18Mr Miles says it would operate statewide and in regional Queensland, compete against a

00:22government-owned corporation's retailer.

00:25The environment sector has welcomed the announcement, but the business chamber believes it will

00:29do little to put genuine downward pressure on prices.

00:33It comes just two months after Labor announced another proposal around publicly-owned ventures.

00:38Back in August, Mr Miles promised if re-elected, Labor would open 12 state-owned fuel stations,

00:44which was seized on by some industry groups as risky.

00:48There are 24 days to go until Queensland's state election.

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