Prime Minister Anthony Albanese and his Energy Minister Chris Bowen promised Australians that by 2025, household energy bills would be reduced by $275. As we entered the new year, this pledge was officially broken.
It has been more than three years since the commitment was made, and the Coalition has always known the guarantee would not eventuate.
Australian families, small businesses and heavy industry are paying some of the highest prices globally for power. Without cheap and reliable energy, our country will continue to suffer.
South Australians are now paying a whopping $958 more than Labor promised for power. Such an increase in three years is extraordinary, and unaffordable.
The number of electricity and gas customers in hardship has increased by 79% and 86% respectively in the last 2 years. An additional 560 families are entering hardship arrangements with their energy retailer each week since Labor took office.
With energy bills rising by up to 52 per cent, more than 25,000 businesses have been forced to close their doors in part due to skyrocketing energy costs.
Rising energy costs are causing the Sturt community to spin further into Labor’s cost of living spiral and is forcing many families to make tough decisions as energy bills take an increasing toll on household budgets.
A Coalition government will deliver cheap, consistent and clean 24/7 baseload energy to power our homes and businesses. We need nuclear power to stabilise our energy system and bring prices down.