Power price crip­pling grow­ers

The Northern Star - Northern New South Wales Rural Weekly - - Top 5 Topics -

❝has This to stop now. Elec­tric­ity prices must be re­duced. — Dan Gal­li­gan

HOW much more ev­i­dence do gov­ern­ments need be­fore they act on un­fair and crip­pling power prices? The pa­tience of the com­mu­nity has been ex­hausted by gov­ern­ments that refuse to rein in the big prof­its of power com­pa­nies, ac­cord­ing to Cane­grow­ers chief ex­ec­u­tive of­fice Dan Gal­li­gan.

“The Aus­tralian Com­pe­ti­tion and Con­sumer Com­mis­sion re­port has found power prices across Aus­tralia have risen 60% in the past decade but for our Cane­grow­ers mem­bers and other ir­ri­ga­tors the rises have been 130%!” he said.

“The ACCC has backed up what we have been say­ing for years, that these rises and their ter­ri­ble toll on the prof­itabil­ity of farms are prin­ci­pally driven by the ‘gold plat­ing’ of the power net­work, the lack of ef­fec­tive re­tail com­pe­ti­tion and fail­ing reg­u­la­tory ar­range­ments – they have noth­ing to do with the ac­tual costs of gen­er­at­ing and sup­ply­ing elec­tric­ity.

“This has to stop now. Elec­tric­ity prices must be re­duced.

“Power com­pa­nies have passed on the costs of their over-in­vest­ment in poles and wires to con­sumers and suc­ces­sive Queens­land Gov­ern­ments have reaped the ben­e­fit, through div­i­dends, to the tune of $1.5 bil­lion each year.”

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