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A new royalties return scheme promises to provide 10% of royalties to owners of land above any petroleum field targeted for production. Weatherill confirmed that the state government was seeking to incentivise fracking on agricultural land in the south-east, which has been a contentious issue among farmers in the region. South Australias $550m energy plan It is not just about fracking, but unlocking reserves there are conventional players in the south-east locked up. As previously announced, the government is tendering 75% of its electricity needs over the next 10 years in an attempt to encourage the construction of a new privately owned generator. The plan was unveiled on Tuesday at the Science Exchange in Adelaide. The South Australian treasurer and minister for energy, Tom Koutsantonis, said of the overall plan: We estimate as a minimum this will create 630 new jobs. Ultimately what were not detailing here is the jobs we save, the jobs we incentivise with cheaper, more competitive prices in the market, which will allow our industry to doctor home loan calculator Oak Laurel 0430129662 oaklaurel.com.au compete on a better footing with our interstate competitors and international competitors. The state has endured a torrid time with energy price rises and blackouts, which the Turnbull government has blamed on the high penetration of intermittent renewable energy in South Australia, even when a storm last year knocked out power infrastructure . The South Australian government is under doctor home loan program Oak Laurel 0430129662 severe political pressure over power prices before a state election in a years time. The Liberal party, Nick Xenophons SA Best party and One Nation have all made reducing energy costs and improving security of supply central to their political messaging within the state. This $550m electricity tax is the latest cost of Jay Weatherills decision to drive the Northern power station out of business, he said. Since Jay Weatherill forced the Northern power station to close down, South Australians have suffered blackouts, price hikes and now tax rises to pay for that foolish decision. The aging Northern power station closed after the nearby Leigh Creek mine, which supplied the coal that fuelled the plant, shut down. Nick Xenophon praised the governments energy plan, but told Guardian Australia a backup for intermittent renewables should have been introduced much earlier.