Support for privatised Queensland energy sector

EnergyAustralia has voiced its support for the Queensland Government Commission of Audit recommendation to privatise parts of Queensland’s energy sector.

The audit recommended privatising those businesses in the energy industry capable of being owned and managed more effectively by the private sector.

EnergyAustralia Managing Director Richard McIndoe said he understands the Queensland Government’s commitment not to privatise state assets without seeking a public mandate, but noted that privatisation has delivered significant benefits to customers in Victoria and South Australia.

McIndoe said EnergyAustralia would welcome the opportunity to be more involved in Queensland’s power sector, which is currently dominated by just two large private sector retailers.

“Governments have a crucial role in setting policy around the energy sector, but we believe that this can be at odds with the roles of retailer and asset owner,” McIndoe said.

“Privatising energy in Queensland makes sense for Queensland customers and the Queensland Government.”