August 8, 2022 9:54 am

A new social media platform Truthbook.social built by the people for the people, a force for good.

Energy Minister Chris Bowen Dumps Labor’s Promise to Reduce Power Bills By $275

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

We are a not for profit Independent Media Group, which survives off donations. Even as little as $5 per month, from our generous readers. Please donate now, to help fund our work.

Energy Minister Chris Bowen Dumps Labor’s Promise to Reduce Power Bills By $275

By Charlie Moore, Political Reporter

Labor has already dumped its election promise to reduce power bills by $275 a year by 2025 – after just six weeks in power.

Energy Minister Chris Bowen admitted the modelling which produced that figure is already out of date and can’t be relied upon.

He blamed recently revealed delays to the Snowy 2.0 hydro-electric dam in NSW and power price increases of up to 18.3 per cent on the east coast.

In all eastern states the benchmark electricity price set by the government, known as the default market offer, will increase on July 1.

Asked if he still stands by Labor’s $275 figure, which was modelled by private firm RepuTex and revealed in December, Mr Bowen said: ‘Of course figures will move around.

‘Since the modelling was done we’ve seen Snowy 2.0 running late, we’ve seen the default market offer going up.’

The modelling also predicted bills would come down by $378 by 2030 as the government invested in more renewable energy which is cheaper than power produced by burning fossil fuels.

During the election campaign Mr Albanese said his climate change policies would save families $275 a year.

In a speech the National Press Club just three days before he was elected, the Prime Minister said: ‘Making Australia a renewable energy superpower is the fastest way to cut pollution and the most effective way to act on climate change.


Energy Minister Chris Bowen (pictured) admitted the modelling which produced that figure is already out of date and can’t be relied upon 

‘But it is also the best way to cut power bills for families and businesses – saving families $275 a year.’

The Coalition rejected the figure, insisting power prices would actually go up by $560 a year under Labor’s policies.

Despite ditching the $275 promise after just six weeks in power, Mr Bowen said Labor will be able to get prices down with renewables as Labor attempts to reduce Australia’s emissions by 43 per cent on 2005 levels by 2030.

‘I’m confident the policy we modelled will be met and that is downward pressure on prices through more renewables in the system,’ he said.

The minister said the government’s plan to produce 82 per cent of Australia’s electricity from renewable sources was ‘even more important’ given the global energy crisis caused by Russia’s war on Ukraine.

Coal and gas prices have soared as western nations try to wean themselves of abundant Russian resources.

In all eastern states the benchmark electricity price set by the government, known has the default market offer, will increase on July 1
In all eastern states the benchmark electricity price set by the government, known has the default market offer, will increase on July 1

‘It is truer than ever that renewables are the cheapest form of energy,’ Mr Bowen said.

‘So it is more important than ever to get them into the system and that’s exactly what our policies will do and that’s exactly what they will achieve.

‘And they will achieve downward pressure on power prices.’

Mr Bowen said Snowy 2.0 – due to open in 2024 – was delayed by about 18 months due to technical issues, supply chain disruptions and Covid-19 absences.

Within weeks of being sworn in as minister, Mr Bowen faced a perfect storm of coal-fired power station shutdowns, a cold snap and spiking gas prices.

The federal energy regulator suspended the energy market for a week, amid complaints the market-based system was broken.

International pressures such as the war in Ukraine sent shockwaves through global energy markets, but Labor pointed the finger at the former coalition government for Australia’s energy shortfall.

The new government said a decade of underinvestment in renewables led to the recent failures in the grid.

But while the short-term crisis has eased, the energy minister faces a challenge to sell Labor government’s long-term energy plan while keeping electricity on and prices down.

Mr Bowen has proposed a capacity mechanism which would act as a safety net during Australia’s transition to renewables.

Under the mechanism, to be introduced from 2025, the government would pay electricity providers to have standby power available to meet demand.

The body set up to design the mechanism says all current power generators, including coal and gas, should be included.

The proposal has been criticised by industry groups for not addressing the existing issues in the energy market and potentially delaying the transition to a system with lower emissions.

Of the renewable sources providing power in Australia, solar makes up about 37 per cent and wind 36 per cent. Pictured: A wind farm in Tasmania

Of the renewable sources providing power in Australia, solar makes up about 37 per cent and wind 36 per cent.

*Note We Deliberately Miss Spell Some Words or Add Capital Letters To Get Around Big Tech Censoring.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

Please support independent media and give a donation small priority large. This means we can continue to fight for friends and family to have a future and defend free speech.

Related News

Truthbook.social offering hundreds of thousands in giveaways for those joining its new social media platform as many desert Facebook in droves because of censoring

Here is some of the current incentives being offered to new users

Subscribe for free to our ANR news emails and access 2 free ebooks plus Reports to share with family and friends about Covid fraud and the danger of the vaccines.

For ANR Smaller Donors please donate below to help fund our critical not for profit work. Together we can defeat mainstream media.

Help us help defend free speech and save democracy from the World Economic Forum planned Totalitarian Great Reset.

and help us expose the Covid Fraudsters

Leave a Reply

Your email address will not be published.

Play Video

McIntyre Report
Political Talk Show

RT News - August 07 2022 (20:00 MSK)

We are not live at this moment. Please check back later.

Watch Now for Free

Share with friends now plus add us to your TV and other devices and help kill mainstream media

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on pinterest
Share on email

Click to Watch Now for Free

Jamie McIntyre
TruthBook.social Videos

Help us help defend free speech and save democracy from the World Economic Forum planned Totalitarian Great Reset.

and help us expose the Covid Fraudsters

Raw Report

Ryan Jackson Saw show

in USD

in AUD

in GBP

in CAD

Jamie McIntyre

ANR on

Currency Exchange Rates in AUD

Live and updated every minute of the day

Nurses Speak Out

Get our free News Emails on latest articles, alerts and solutions for both legal templates and ways to help fight back against the Globalists vax Mandates , and health resources to boost your immune system and ways to Protect from deadly EMF 5G radiation and more.

FREE E-BOOKS AND REPORTS ALSO

ANR Meme Report

with Nadine Roberts

Episode 002

21st Century Political System

Play Video

Editor's Pick

Thank you for visiting the
Australian National Review

To continue accessing more articles for free simply enter your email address

We are only 27% funded for next month's operations.

ANR is fully funded by our readers, people like you who often can’t stand mainstream media lies and propaganda. So please help us continue exposing the truth and helping defeat the Globalists and defend your and your children’s futures.

Help us help defend free speech and save democracy from the World Economic Forum planned Totalitarian Great Reset and help us expose the Covid Fraudsters

just $5 a month helps

Download the Full PDF - THE COVID-19 FRAUD & WAR ON HUMANITY