Media Contact
Carl Kitchen 0401 691 342
Dec 21 2017

New Investment Remains Key To Solving Energy Affordability

Enabling investment in new electricity generation remains the most effective way of bringing down energy bills for Australian households and businesses, the energy industry said today.

As agreed at their initial meeting in Canberra on 9 August, electricity retailers will meet with the Prime Minister and senior ministers on Wednesday in Sydney.

Australian Energy Council Chief Executive, Matthew Warren, said the industry would continue to work constructively with the Federal Government on strategies to assist consumers to access the most appropriate energy deals for them in the market.

“Retailers recognise that many customers are doing it tough, and will be stepping up their efforts to draw attention to the cheap energy market deals which are on offer.

“The current spike in electricity bills is the result of a shortage of supply in the generation or wholesale market,” Mr Warren said.

“If you want to fix power bills, you have to fix that problem. New investment to replace Australia’s ageing fleet of power stations is stalled as the result of a decade of national climate and energy policy uncertainty.

“The government’s own independent advice led by the Chief Scientist, Dr Alan Finkel, has recommended a technology neutral Clean Energy Target as a workable policy solution to break this investment impasse.

“Like most other stakeholders we endorse this recommendation and will continue to support the Federal Government in delivering this urgent policy breakthrough as quickly as possible.

“We can and will continue to discuss with the Federal Government how we can improve the way we retail electricity.  We have had competitive retail energy markets in Australia since 2002.  They are not the root cause of the current problem.”

About the Australian Energy Council

The Council represents 21 major electricity and downstream natural gas businesses operating in competitive wholesale and retail energy markets. These businesses collectively generate the overwhelming majority of electricity in Australia and sell gas and electricity to over 10 million homes and businesses.

Related News

News

Australian Energy Council congratulates Daniel Westerman

The Australian Energy Council congratulates Daniel Westerman on his appointment as CEO and Managing Director of the Australian Energy Market Operator.

Feb 10 2021
News

New data shows solar shines despite lockdowns

Rooftop solar installation grew by 18 per cent nationally over the last year, according to the Australian Energy Council's latest Solar Report, which showed record growth in solar PV capacity and installations during 2020.

Feb 04 2021
News

Australian Energy Council congratulates Chris Bowen and thanks Mark Butler

The Australian Energy Council congratulates the Hon Chris Bowen MP on his appointment as Shadow Minister for Climate Change and Energy and thanks the Hon Mark Butler MP for his extensive work in the portfolio.

Jan 29 2021
GET IN TOUCH
Do you have a question or comment for AEC?

Send an email with your question or comment, and include your name and a short message and we'll get back to you shortly.

Call Us
+61 (3) 9205 3100