NSW households will continue to be hit with increased electricity bills thanks to the actions of the State Government.
NSW Treasury documents have revealed that the Liberal-National Government poured more than $1.9 million into legal fees for Endeavour Energy to fight against lower electricity prices. All the while, Illawarra families continue to face climbing power bills. As a result, customers of Endeavour stand to pay up to $1.2585 billion dollars more in their electricity bills.
For two years the Australian Energy Regulator fought in court to reduce energy bills for households and small businesses across NSW. Households were to save an average of $313 per year, with small businesses to save an average of $523 per year.
For customers of Endeavour Energy area, the savings for an average household were to be around $106 per year and $152 per year on average for small businesses.
In May, the AER’s final appeal was dismissed meaning consumers will be hit with higher electricity bills over the next couple of years.
Labor has a comprehensive plan to make electricity affordable and will re-regulate the electricity market to help households and businesses struggling to keep up with the rising cost of living under the Liberal-National Government.
Quotes attributable to Shadow Treasurer Ryan Park:
“The independent energy regulator said prices should go down significantly but the Liberals and Nationals did everything to push prices up.
“Families and small businesses across the Illawarra region are facing record power bills - because the Government did everything it could to drive the price up ahead of privatisation.
“The Liberal-National Government has completely lost control of electricity prices and families are left facing soaring bills”.