Energy Queensland has no employees: estimates

THE Queensland Government may have touted Energy Queensland as the "biggest energy company in Australia" but the company does not yet have any of its own employees.

Queensland Parliamentary budget estimates hearings on Thursday heard the month-old company is currently made up of staff seconded from Ergon and Energex - the companies it will replace.

Energy Queensland CEO Terry Effeney told the hearing as there was currently no enterprise agreement between the company and workers and EQ the company did not have any employees.

Mr Effeney said it was still "early days" for the merged company that will be based in Townsville.

The committee also heard no staff can be forced to relocate from the south-east Queensland Ergon and Energex offices to Townsville.

Energy Minister Mark Bailey denied claims the government had overstated how much the merger would save the government.

Shadow energy minister Michael Hart said the government had claimed the merger would save $150 million a year - but said Treasurer Curtis Pitt later said only $187 million over five years would be saved.

Mr Bailey said those figures were "cherry picked" and did not include the $375 million in efficiencies the merger would create. - ARM NEWSDESK