2024 State Election Business Blueprint: Small Business Energy Tariff relief welcome,  but must balance needs of all business

By Emma Clarke

An election commitment from the ALP to change the small business energy tariff to provide critical relief for some businesses from record-high energy costs is welcomed, but long-term policy is also essential to drive down the overall cost of energy for all sectors of the Queensland economy, the state’s peak business body says.

“Escalating energy costs is one of the major issues raised with us by all businesses of all sizes across all of Queensland,” Business Chamber Queensland CEO Heidi Cooper said.

 “It’s why our 2024 State Election Business Blueprint called for genuine, long-term relief from record-high energy costs.

“We welcome an election commitment from the ALP to reduce energy costs for small businesses, particularly in the regions.”

Ms Cooper says there is limited detail on the plan, and it is essential the policy is fully understood to ensure it achieves an overall positive benefit for businesses.

“We’re interested to see more detail on this proposal,” Ms Cooper said.

“Energy policy is complex, and it is essential there is careful consideration to ensure there are no unintended consequences for the market or end users. We are supportive of policies that give businesses genuine, long-term relief, while acknowledging the critical role they play in Queensland’s economy.

“Ultimately, we want to see policies that drive down energy costs for all businesses.”

Business Chamber Queensland data shows energy prices are businesses highest priority for this election and with the next Queensland Government.

Close to 80% of businesses the chamber surveyed said their energy costs were of critical concern.

“The business community is looking for long term, consistent energy policy which will drive down costs and provide affordable, sustainable and reliable energy that meets their business needs,” Ms Cooper said.

“We’re also calling for an investment in low-cost, sustainable energy to restore Queensland’s comparative energy advantage, while funding research and development in clean energy technologies and infrastructure projects can increase energy efficiency and diversity in Queensland.”

ENDS

Business Chamber Queensland media contact

Emma Clarke | [email protected] | 0403 944 902