Getting Electricity Prices Down for Families and Businesses

Thursday, 25 October 2018

The Morrison Government’s new plan for affordable and reliable energy is set to deliver big savings to families and small businesses on the Central Coast. 

Federal Member for Robertson, Lucy Wicks MP said that the plan will address some of the key issues in the energy market by stopping price gouging by the big energy companies, creating a price safety net to protect customers, backing investment in reliable generation and supporting reliable power.

“These measures are about lowering power prices to support families struggling with the cost of living, and backing small businesses so they can take advantage of new opportunities,” Mrs Wicks said.

"Consumers have been penalised for being loyal to an energy provider and that’s why we are taking action and removing the loyalty tax on those have stayed with their energy company or don’t have time to shop around for a better deal.

“We’re working on a price safety net to stop big power companies ripping off their hard-working customers, banning sneaky late payment penalties and requiring energy companies to pass on savings to customers.

“Families and businesses are fed up with paying too much on their power bills, and I’ve heard from hundreds of people from across the Central Coast struggling with rising power prices.

“The rising cost of living is a big issue for so many local residents and families in our region and I’m proud to be part of a Government that is listening to their concerns and taking action to get energy prices down while also keeping the lights on.

“Our plan will help take the pressure off and puts customers back in charge by cracking down on dodgy practices and guaranteeing reliable supply." 

The Morrison Government’s plan builds on our strong record of lowering power prices that saw retail electricity prices drop in NSW on 1 July 2018. Since 2013, the Government has abolished the carbon tax, reined in the power of the electricity networks, secured better deals for 1.6 million households and provided $269 million for one-off Energy Assistance Payment to age and disability support pensioners, single parent families and veterans.

Making things happen for Robertson

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