Friday 9 June 2017
The Finkel Review
The Finkel Review warns that Victoria faces potential supply shortfall for the FY2018 summer due to the shutdown of Hazelwood.
Labor has announced an unfunded Victorian Renewable Energy Target (VRET) of 40 per cent by 2025.
Daniel Andrews’ tripled the brown coal royalty rate in the 2016-2017 Victorian Budget, to grab an extra $252 million from the Latrobe Valley power generators.
Hazelwood operator Engie faced an $87.5 million tax bill because of the changes, forcing the power station to announce its closure in November 2016 and shutdown within 5 months in March 2017.
The average Victorian household is seeing their annual energy bills increase by $300 this year according to St Vincent De Paul Society.
Comments attributable to David Southwick, Shadow Minister for Energy and Resources:
Daniel Andrews’ ideological policies forced the closure of Hazelwood and Victorian families are paying the price with an extra $300 on their energy bills this year.
The Finkel Review makes it clear that Victorians can expect more blackouts next summer because of Daniel Andrews’ rushed closure of Hazelwood.
The Finkel Review is an opportunity to get Victoria’s energy affordability and security back-on-track, and reverse some of the damage done by Daniel Andrews.
If we continue down the same path set by Labor, Victoria is bound to have regular South Australian-style blackouts and even higher power prices.
We need a national transition to cleaner energy through a balanced energy mix, not a go-it-alone Victorian Labor scheme that only supports renewables to win Green votes.
The Liberal Nationals will scrap the unrealistic VRET scheme so Victorians don’t have repeated black-outs and higher electricity prices.