Media Release

29 March 2018

Southwick: 85 cents or 85 per cent Mr Andrews? Prices Jump and Victorian Reliant on other States after Hazelwood Closure

Thursday 29 March 2018

85 cents or 85 per cent Mr Andrews? Prices Jump and Victorian Reliant on other States after Hazelwood Closure

Reports today from the Australian Energy Market Operator (AEMO) and the Australian Energy Regulator (AER) confirm the dire state of energy in Victoria.

In November 2016, Daniel Andrews told Victorians the impact of Hazelwood’s closure would be no more than 85 cents per week, today the AER confirms wholesale electricity prices instead have jumped by 85 per cent in 2017 alone.

The AER identified Victoria has lost its energy security as “from mid-2017, Victoria became a net importer of energy for the first time in almost 10 years”.

Despite warning of impending gas supply shortfalls, Victoria desperately relied on a 500 per cent jump in gas generation just to get us through summer.

With Labor stubbornly maintaining its ban on onshore gas, this will exacerbate shortages and trigger further price rises.

Victorian households and businesses are now paying more than ever for energy yet still rely on power from SA, Tasmania, NSW and Queensland just to keep the lights on.

The Liberal Nationals have a plan to tackle gas shortages and high gas prices by allowing the exploration of conventional onshore gas while maintaining the ban on fracking.

Comments attributable to Shadow Minister for Energy and Resources, David Southwick MP:

“When will Daniel Andrews listen to regulators, industry and the ACCC and open up Victoria’s onshore gas to ease power prices?

“Labor has lead Victoria into an energy crisis and continues to blame everyone else for the mess they’ve created.

“Only the Liberal Nationals have a plan to tackle our gas shortages.”