Families and small businesses in the Calare electorate are set to benefit from big savings under the Federal Government’s new plan for affordable and reliable energy.
The Federal Government will:
Stop the price gouging by the big energy companies by banning sneaky late payment penalties, requiring them to pass on savings in wholesale prices to customers, strengthening the regulator’s power to crack down on dodgy, anti-competitive practices, and shining a spotlight on energy companies’ rorting through ‘gold plating’ their networks.
Create a price safety net to protect customers and remove the loyalty tax on those who have stayed with their energy company or don’t have time to shop around for a better deal. A fairer default price will give customers transparency and clarity, providing relief from confusing and often more expensive standing offers.
Back investment in reliable generation which will improve competition, lower prices and guarantee reliable supply. The Government will support projects that reduce wholesale electricity prices, support the reliability of the grid and increase competition.
- Support reliable power by requiring energy companies to sign contracts guaranteeing enough energy to meet demand.
Federal Member for Calare, Andrew Gee welcomed the Government’s strong action to lower power prices while keeping the lights on.
“People in country Australia are being hit hard by sky-high power prices. It’s hitting pensioners, families and also local businesses,” Mr Gee said.
“The plan announced by the Federal Government today will take the pressure off families and small businesses and put customers back in charge by cracking down on dodgy practices, supporting investment in new generation and guaranteeing reliable supply.”