Media Release

03 May 2017

Southwick: Taxes up 20% while energy prices continue soaring

Wednesday 3 May 2017

Taxes up 20% while energy prices continue soaring

Daniel Andrews has now announced ten new taxes but has abandoned investment to make energy affordable and secure for Victorians.

Despite ABS figures showing electricity prices have increased in Victoria by 7.7% and gas prices have increased by 7.8% in the last quarter, this budget delivers nothing but more pressure on power prices including a $252 million coal tax.

‘Affordability’ doesn’t get mentioned once in this Labor Government’s departmental objective for energy.

AEMO has warned Victoria’s electricity generation capacity could be -145MW in summer 2017-18 because of Hazelwood’s closure, however there is nothing in the budget to prevent blackouts this summer.

Daniel Andrews’ unrealistic Victorian renewable energy target of 40% by 2025 remains completely unfunded, proving his target is an ideological thought-bubble to win Green votes that will cause Victorian power prices to rise even further.

Labor has completely forgotten that they have a Resources portfolio, with the only new initiative being a third review into onshore gas.

The average Victorian household is seeing their annual energy bills increase by $300 this year according to St Vincent De Paul Society, and Daniel Andrews’ answer is another review. It’s simply not good enough.

The Liberal Nationals moved amendments to the Parliament to introduce a domestic gas reservation policy for future onshore conventional gas drilling with a right of veto for landowners to ease energy prices, but Labor joined their Green mates to block these important measures.

With 22% of the State’s power gone after Hazelwood closed because of Daniel Andrews reckless energy policies, Victoria is in an energy crisis and this Labor Government has its head in the sand.