5 years ago
LIBERALS PLAYING CATCH UP ON DEFAULT PRICE
THE HON MARK BUTLER MP
The Morrison Government is once again playing catch up with Labor on energy policy.
Labor announced we would implement default prices as recommended by the ACCC on 19th August last year. Prime Minister Turnbull backed Labor’s announcement the next day, announcing his government would also implement default pricing.
It then took till 23 October 2018 for the Morrison Government to announce that it too would implement a default electricity price.
It’s now taken 4 months since that announcement for Australians to once again see the government claiming credit for a policy adopted by Labor 6 months ago.
The vast majority of Australians, who are on ‘market’ not ‘standing’ offers, won’t see any benefit from this announcement.
Under the Liberals, everything is going up except wages – electricity prices have gone up 15 per cent.
In order to see electricity prices fall for all Australian families and businesses, we need to end the Morrison Government’s policy chaos the Liberals - with 11 failed energy policies since the 2016 election.
Electricity futures markets still point to rising wholesale electricity prices this year. And Scott Morrison’s plan is to underwrite expensive and unnecessary new coal plants with billions of taxpayer dollars instead of supporting dispatchable, cheap and clean renewable investment.
The Liberals’ division and chaos has meant that they don’t have a serious energy policy, and this has caused power prices to go up and up.
Labor has a plan for cheaper power and more renewables for all Australians. We will deliver 50 per cent of power from renewables by 2030, end the privatisation mess and better regulate power prices.
Labor announced we would implement default prices as recommended by the ACCC on 19th August last year. Prime Minister Turnbull backed Labor’s announcement the next day, announcing his government would also implement default pricing.
It then took till 23 October 2018 for the Morrison Government to announce that it too would implement a default electricity price.
It’s now taken 4 months since that announcement for Australians to once again see the government claiming credit for a policy adopted by Labor 6 months ago.
The vast majority of Australians, who are on ‘market’ not ‘standing’ offers, won’t see any benefit from this announcement.
Under the Liberals, everything is going up except wages – electricity prices have gone up 15 per cent.
In order to see electricity prices fall for all Australian families and businesses, we need to end the Morrison Government’s policy chaos the Liberals - with 11 failed energy policies since the 2016 election.
Electricity futures markets still point to rising wholesale electricity prices this year. And Scott Morrison’s plan is to underwrite expensive and unnecessary new coal plants with billions of taxpayer dollars instead of supporting dispatchable, cheap and clean renewable investment.
The Liberals’ division and chaos has meant that they don’t have a serious energy policy, and this has caused power prices to go up and up.
Labor has a plan for cheaper power and more renewables for all Australians. We will deliver 50 per cent of power from renewables by 2030, end the privatisation mess and better regulate power prices.