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LIBS’ FOURTEENTH ENERGY POLICY: HIGHER BILLS, HIGHER EMISSIONS

May 10, 2019

The chaotic Abbott-Turnbull-Morrison Government’s energy crisis has seen 13 energy policies in six years and skyrocketing power prices. 

This election will be a choice between a united Shorten Labor Government, which believes in climate change and will cut emissions and power bills at the same, or more of the Liberals’ cuts, climate denialism and chaos. 
 

Angus Taylor’s “announcement” today is pure fantasy with no substance. The Liberals’ fourteenth energy policy boils down to ‘trust us’. After years of chaos, why would you? 
 

The Liberals actual energy policy is to spend billions of taxpayers’ dollars on new, expensive, polluting coal-fired power stations, which will drive up power prices. 
 

The Morrison Government’s own modelling on the National Energy Guarantee, which Scott Morrison and Josh Frydenberg trumpeted until they were blue in the face last year, said household power prices would come down by as much as $550 with a NEG. Then they dumped it.  
 

The NEG modelling also said bills would go up $300 without the policy. Those increases are already in the market, hitting people’s wallets. 
 

The same modelling projected wholesale power prices in 2021 of $48MWh without the NEG. Their new 2021 $70MWh price target is an increase of 44 per on this level; in effect, the Liberals are promising to increase prices compared to what their own modelling said would occur.  
 

Based on the Morrison Government’s own modelling with the NEG, the Liberals’ target is an increase to wholesale prices of 64 per cent in 2021. 
 

When the Liberals got rid of Malcolm Turnbull, they also got rid of any attempt to deliver sensible energy policy and we’ve seen power prices rising ever since. 
 

Ever since the Liberals dropped the NEG we’ve seen wholesale power prices consistently high, while wholesale power prices in New South Wales and Victoria hit a record high in the first quarter of 2019.  
 

The Liberals’ record in government speaks for itself. Under the Liberals power prices and pollution will continue to go up, and up, and up. 
 

We need real change, because more of the same isn’t good enough. 


End the chaos. Vote for change. Vote for Labor.

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