Our reps have to act on unaffordable power cost
ON behalf of Queensland sugarcane growers, Canegrowers has joined nine other agricultural groups to put a comprehensive joint submission into the Australian Competition and Consumer Commission’s Electricity Supply and Prices Inquiry.
Producers of fruit and vegetables, sugarcane, dairy and cotton are struggling to stay profitable after electricity cost increases of 130 per cent over the past nine years. The problem is simple – in every sector of the electricity market the charges being passed on to consumers exceed the economically efficient cost of supply.
From generation to transmission and retail, big profits are being made. We are all contributing to them and we shouldn’t be.
There is no genuine competition so there are no brakes on their profits. The Queensland Government collects more than $ 1.3 billion a year from electricity companies, stripping it straight out of the pockets of families and businesses into State Treasury.
This joint agriculture submission from 10 farming groups to the ACCC identifies the barriers to workable competition and effective regulation in the electricity market and makes clear recommendations.
We can all see the problems – they are well documented. We can all, farmers, businesses and households feel the pain, and yet governments and regulatory bodies still don’t act.
With this groundswell of dissatisfaction growing, it will be a brave politician who shirks their responsibility to act. DAN GALLIGAN, Canegrowers CEO