Power prices set to go up, as Libs break promise

The Australian Energy Market Commission has revealed SA power prices are set to go up by $86 per household in the next year.

This represents a clear broken promise by the Marshall Liberal Government, which pledged to cut prices by $302.

The Liberal Party’s policy document stated their measures would see “an average South Australian household's power bill fall by $302, compared to the latest (2016-17) prices”.

According to the AEMC, in 2016-17 the typical residential power bill was $1,615.

In 2021-22 it is $1,684 (up $69 v 2016-17).

In 2022-23 it is forecast to be $1,770 (up $155 v 2016-17).

This means the Liberals have not just failed to deliver their promised $302 reduction but that power prices have gone up.

By contrast, Labor has a plan to build, own and operate a world-leading Hydrogen Power Station, powering new jobs and industry in South Australia.

Independent analysis by Frontier Economics has forecast South Australia’s hydrogen plant will reduce the wholesale cost of electricity to industry by 8 per cent.

Quotes attributable to SA Labor Leader Peter Malinauskas

This is a blatant broken promise by Steven Marshall and his government.

He promised South Australians their power bills would reduce by $302 and yet they have gone up according to the AEMC.

And the latest forecast reveals they will continue to go up.

Fortunately, Labor has a plan for the future.

A Malinauskas Labor Government will build, own and operate a world-leading Hydrogen Power Station, powering new jobs and industry in South Australia.

Quotes attributable to Shadow Minister for Energy Tom Koutsantonis

Perhaps if Steven Marshall’s Energy Minister Dan van Holst Pellekaan wasn’t so focussed on his political ambitions and pursuing the Deputy Leadership he would be more focused on delivering what he promised.

Whichever way the Liberals slice and dice the numbers, they have failed to deliver their promise