Queensland Electricity Market Changes Benefit Business

01 Oct 2001Archived News Climate Change Matters

Businesses in Queensland are currently experiencing high levels of competition in the electricity market. In a radical turnaround from 12 months ago, Queensland is now enjoying the lowest electricity prices in the National Electricity Market (NEM), and further decreases are anticipated.

 

Factors contributing to the new conditions include:

  • The start-up of the Queensland New South Wales Interlink (QNI). The link currently has a capacity of 300 MW, but this is planned to expand to 1,000 MW.
  • The 420 MW Callide C power station has recently come on line, with an additional 420 MW expected by summer.
  • Other planned power station projects will potentially increase generation capacity in Queensland by around 50% if they all go ahead.
  • Planned generation is a mix of coal and gas fired, providing additional cheap base-load capacity, as well as facilities that can easily ramp up production during periods of high demand.

When negotiating your next electricity contract, bear in mind the fact that there are nine electricity retailers active in the Queensland market. The only way to be certain that you have negotiated the best contract is to give all retailers the opportunity to bid for your business.

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