Cuts to penalty rates for thousands of NSW workers came into effect over the weekend, adding to cost of living pressures compounded by a long list of bill, fee and charges hikes under the Berejiklian Government.
Adding to the pressures of everyday living individuals in the Illawarra can expect a 20 per cent increase in electricity. The cuts to penalty rates will have a serious impact on Illawarra families who depend on penalty rates to help put food on the table every week and also have to grapple with skyrocketing energy bills.
Customers of major energy retailers AGL, Energy Australia and Origin (which hold 90 per cent share of the NSW retail market) will receive sharp price hikes of up to 17 per cent collectively after the Berejiklian Government did everything it could to drive up electricity prices, including taking legal action at every turn to block the Australian Energy Regulator’s determination to lower bills.
Quotes attributable to Shadow Minister for the Illawarra Ryan Park
“Families and pensioners already struggling with costs will be slapped with higher electricity prices and penalty rate cuts.
“Illawarra families will experience additional pressures balancing the family budget under the Liberal Government.
“A Labor Government will re-regulate the electricity companies to ensure consumers are treated more fairly
“I am concerned for many people residing in my electorate. I know families are struggling to make ends meet and will certainly feel the effects of slashed penalty rates together with electricity price hikes.