Media Release

15 June 2018

Southwick: Minister has no answers on why Victorians are missing out on electricity price falls

Friday 15 June 2018

Minister has no answers on why Victorians are missing out on electricity price falls

Today at PAEC Minister for Energy Lily D’Ambrosio was asked why Victoria is missing out on the retail price falls and freezes being offered in South Australia, Queensland and NSW from July 1 2018.

The Minister responded it was because Victoria’s annual price increase occurs in January each year.

However, the Essential Services Commission (ESC) Retail Distribution Code allows Victorian energy retailers to alter their prices every 6 months, meaning Victoria could’ve participated in the July price cuts had the Minister intervened.

Other states will be enjoying energy bill falls in a matter of weeks, but Victorians will continue to pay $300 more for electricity according to the St Vincent’s de Paul Society.

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

“It’s not unreasonable for Victorians to expect their Energy Minister to know why other states are getting electricity price falls but we aren’t.

“Victorians average electricity bill has gone up by over $300 in a year and this Minister can’t explain why we are paying through the nose but NSW are getting price cuts.

“Because Labor doesn’t understand how our energy market works, Victorian customers will be subsiding the price falls being enjoyed by other states.”