Media Release

21 February 2018

The NSW Labor Opposition is welcoming calls for strong action to be taken on sky rocketing electricity prices in NSW at a parliamentary inquiry being held today.

The NSW Farmers’ Association will front the Legislative Council inquiry into electricity supply, demand and prices in NSW, to call for lower electricity prices.

It will highlight the tough action taken by the Victorian Labor Government in 2017 to bring electricity prices down compared to the lack of action from the Berejiklian Government and its Energy Minister.

Retail electricity prices have risen by up to 16 per cent from 1 July last year, on top of earlier steep increases since the Liberals and Nationals came to office in 2011 which has seen a combined increase in electricity bills of up to 60 per cent.

In addition, customers in rural and regional NSW are paying more for electricity compared to those living in the city.

Last year, NSW Labor Leader Luke Foley vowed that a NSW Labor Government elected in 2019 would re-regulate the retail electricity market to bring electricity prices back under control for households and small businesses across the State.

Quotes attributable to the Leader of the Opposition in the Legislative Council and Shadow Minister for Energy Adam Searle:

“Strong action must be taken to protect customers across NSW from punishing increases in electricity bills.

“The Victorian Government put real pressure on the big electricity retailers late last year which resulted in nearly 300,000 Victorian customers saving up to 28 per cent of the cost of their electricity bills.

“This means customers in Wodonga are paying significantly less for their electricity than those living in Albury – all because the Berejiklian Government and its Minister have no plan for lower electricity prices.

“NSW Labor has a positive plan to bring retail electricity prices under control in this State, including:

  • cracking down on excessive profits;
  • requiring truth in the advertising of discounts being offered to customers to ensure they are real discounts on what customers are already paying;
  • keeping basic services at a set price for every customer; and
  • ensuring offers from different energy companies can be easily compared.”