The Queensland Competition Authority (QCA) has failed to deliver the spark that farming businesses on transitional and obsolete tariffs need with the release of their final determination on 2020-2021 regulated retail electricity prices for regional Queensland yesterday.
Queensland Farmers’ Federation (QFF) CEO Dr Georgina Davis said the final determination included some good news for regional households who would see typical bills fall by 5.9 per cent, and small businesses by 3.2 per cent.
“However, it is very disappointing the QCA has maintained price levels for irrigation businesses on transitional and obsolete tariffs for the third year in a row, particularly during this difficult economic period,” Dr Davis said.
“In a further blow to our farming community, there appears to be nothing in the final determination that will offer highly seasonal businesses greater flexibility with tariffs that better match the seasonality of use.”
“It is also disappointing that the new suite of tariffs, required to be suitable for a range of small agricultural activities and due to commence 1 July 2021, have not yet been priced.”
“QFF calls for the QCA to be directed to price these new tariffs by 1 October 2020 to give farmers some time to assess the new retail tariffs, and decide what is best for their business and if any structural change or new equipment is needed.”
“As farmers now turn to their economic recovery, what they need more than ever is affordable electricity and price certainty to ensure their viability producing Queensland’s food, fibre and foliage into the future.”