australian economy energy prices

Turnbull Rubbishes Shorten’s Energy Promise

The political battle of wills to see which party can deliver lower energy costs to Australians continues apace.

No one argues the fact that electricity prices have gone through the roof and need to come down. But the Liberal party remains adamant that they have the best solution to bring costs back to Earth.

Prime Minister Malcolm Turnbull has attacked Bill Shorten’s plans on power prices after the opposition leader promised to keep the energy supplement in place if Labor wins the next election.

Draft laws to scrap the energy supplement for anyone who has become a new pension or allowance recipient since September 20, 2016, are before the federal parliament.

Axing the energy supplement will mean a cut of $14.10 per fortnight to single pensioners or around $365 a year, and a cut of $21.20 a fortnight or around $550 a year to couple pensioners.

But Mr Turnbull is adamant his government’s plan to lower skyrocketing power bills will do more than Mr Shorten’s promise.

He wants Tasmanians to pay more for their electricity — he has no plan for lower energy prices, I do,’ Mr Turnbull told ABC radio on Tuesday.

He said all people getting pensions before 2016 would be unaffected by cutting the energy supplement.

Meanwhile, state and territory governments are considering detailed work on the National Energy Guarantee ahead of a meeting with the federal energy minister on 10 August.

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The Australian Tribune with AAP

The Australian Tribune with AAP

The Australian Tribune with AAP

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