Monday, August 8 2022 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Aug 01
Week of Jul 25
Week of Jul 18
Week of Jul 11
Week of Jul 04
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Australia : Delivering downward pressure on electricity prices

    June 10, 2022 - TendersInfo - News


      The Tasmanian Liberal Government has delivered downward pressure on power prices since we were elected in 2014, and we will continue to address cost of living challenges being faced by Tasmanians.

      Dean Winter and Labor have no plans for energy and no plans to address the cost of living and history shows that under Labor electricity prices increased by 65 per cent.

      That is Labors record.

      Under a Liberal Government, Tasmanian households received a 7.11 per cent reduction in regulated electricity prices, and small businesses received an 11 per cent drop and over the past seven years, in real terms, regulated energy prices have decreased by 18 per cent for residential customers and decreased by over 27 per cent for small business customers.

      Mr Winter fails to understand that since 2018 we gave a commitment to address volatile mainland energy prices and we fulfilled our promise and effectively delinked from mainland wholesale market volatility through legislated, capped regulated power prices and the Commercial and Industrial rebate scheme. These measures ensured that wholesale impacts being experienced by mainland customers did not immediately impact on Tasmania.

      This occurred over three years from 2017-18 through to 2019-20, mitigating the impact on Tasmanian consumers.

      Following that period, wholesale electricity prices stabilised and the Tasmanian Energy Regulator has set the prices for the past two years.

      We are now in a historic period for the National Electricity Market, with the retirement of coal and the disruption of the war in the Ukraine. This is being seen across the country, not just in Tasmania.

      Tomorrow I am meeting with the new Federal Energy Minister Chris Bowen and other state and territory government energy ministers to further discuss this extremely important issue.

      In the current environment, we must be considered in how we respond again to energy prices and the Tasmanian Government remains ready to assess further concessions and supports that may be needed.

      Tasmanians care about real cost of living pressures and they dont care about Mr Winters political theatrics in Budget Estimates, and I urge Labor to work in the best interests of all Tasmanians at this challenging time rather than running an immature scare campaign.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.