The NSW Nationals have welcomed a report from the Australian Competition and Consumer Commission that could lead to cheaper electricity bills.
The ACCC’s audit of the energy market found big power generators were artificially inflating prices and that major reforms would “bring down prices and restore consumer confidence”. A draft report released last year found families and small businesses were paying 80 per cent more than they were a decade ago.
The report provides a blueprint to reduce household energy bills and secure power reliability. Spanning some 400 pages and providing 56 recommendations, the Liberal and Nationals’ Government will now consider this substantial report in detail.
We understand many families, small and medium businesses and individuals – particularly in rural and regional Australia who are typically energy intensive and focused on food processing and manufacturing – are struggling to keep up with the rising cost of power, and we are determined to take action.
By focusing on affordability and reliability and taking a technology-agnostic approach, The Nationals in Government have taken ideology out of the debate and replaced it with a practical and pragmatic approach to resolving the energy-affordability issues of many Australians.
This approach means coal can be part of an affordable energy mix and Australians whose jobs, businesses and communities rely on it can have confidence, backing up The Nationals’ calls for electricity price relief.