Media Releases

POWER PRICES SET TO SURGE UNDER LIBERALS

January 31, 2019

Households and business are again paying the price for Scott Morrison’s energy policy failure with power prices soaring to levels not seen since late 2017.
 
The Victorian baseload futures price for 2020 has surged more than 40 per cent since June. In New South Wales the futures price has jumped 35 per cent since July, while Queensland is up almost 30 per cent.
 
Power prices and carbon pollution have gone up and up as a direct result of five years of the Liberals’ energy policy chaos.
 
The Liberal government’s ideologically driven attack on renewables is undermining the investment we need to modernise our electricity system and deliver lower prices and lower pollution.
 
Australian households and businesses are sick of the lies from Scott Morrison and his Energy Minister about bringing power prices down.
 
The fact is electricity prices are going up and the futures market confirms prices will continue to rise in 2019 under the Liberals.

Australians need a Shorten Labor Government which will invest in renewables, bring energy prices under control and ensure affordable gas supply for Australians.
 

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