The Default Market Offer (DMO), released today by the Australian Energy Regulator, shows NSW households will experience energy bill increases of up to $463 while small businesses will see their bills rise by up to $858.
This price rise comes as another blow to NSW families and businesses who are experiencing a cost of living crisis under the Liberals.
Matt Kean promised to reduce energy prices by $130 for households and $430 for businesses this year, yet today NSW families are finding out their bills will increase by more than that in the coming year alone.
The reality is energy prices are up almost 40 per cent since 2015, and 26 per cent in the last six months alone.
Labor has a plan to ease the cost of rising electricity bills through short-term energy relief and long-term investment to deliver secure, reliable and clean energy to NSW.
A Minns Labor Government will help ease the cost of rising electricity bills for 320,000 eligible small businesses and 1.6 million eligible NSW families and households.
Labor’s $485 million Energy Relief Fund will help lower power bills and fight inflation by offering $250 rebates to households and $315 to small businesses.
When combined with federal relief, Labor’s small business offering virtually wipes out the energy increase. Under the Liberals, small businesses are left out in the cold with no help on offer.
Labor will establish the NSW Energy Security Corporation, a state owned-body that will accelerate investment in renewable energy assets that will deliver cleaner and more reliable energy and help keep the lights on.
Quotes attributable to Jihad Dib, NSW Shadow Minister for Energy & Climate Change:
“Matt Kean promised to reduce energy prices, and he’s broken that promise, as energy prices for households and small businesses surge under him.
“Matt Kean can blame anyone he likes but he must front up and accept that under his watch, families and businesses are doing it tougher than ever before.
“NSW Labor has a plan for energy relief for households and small businesses. When combined with federal relief, Labor’s small business offering virtually wipes out the energy increase. Under the Liberals, small businesses are left out in the cold.
“And a Labor Government will protect our state’s assets from privatisation, and guard against severe price shocks.”
JIHAD DIB MP
NSW SHADOW MINISTER FOR ENERGY AND CLIMATE CHANGE