LOCAL HOUSEHOLDS COP THE BRUNT OF ELECTRICITY PRICE HIKE

MEDIA RELEASE


Member for Shellharbour, Anna Watson, warns that local households will be left worse off after the State Government confirmed that wholesale electricity prices were on the rise in NSW.

From July, households will be forced to pay more for power due to a staggering 57 percent increase in the wholesale electricity price in NSW since July 2016.

“I am concerned that this increase will only add to the cost of living pressures on local households, who are already feeling the pinch, particularly pensioners who have had their pension reduced or cut entirely under the new asset test rules which came into effect earlier this year,” Anna Watson said.

“When the Government sold off our electricity network, they gave an undertaking that bills would not increase.

“This is a clear breach of that promise, but I am not surprised given that the Government in 2015 appealed a decision of the Australian Energy Regulator (AER) to lower electricity prices across NSW.

“By appealing this decision, it is clear that the Government supports higher electricity prices for households and businesses across NSW”.

 

27 April 2017

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