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.
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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.