30 March, 2024
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NSW TO BE HIT HARD BY ENERGY PRICE HIKE

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JIHAD DIB MP
NSW SHADOW MINISTER FOR ENERGY & CLIMATE CHANGE

NSW families and small businesses are facing massive energy price hikes from July 1, adding to already unaffordable cost of living pressures.

The Australian Energy Regulator today moved to increase the price cap, which will see NSW customers facing an increase on their energy bills of up to 18.3 per cent for households and up to 19.7 per cent for small businesses.

This will mean residential customers could pay up to $369 more each year and small businesses could pay $1,130 more.

The Queensland Government moved quickly to announce a $175 cost of living rebate for power bills.

The people of NSW face the highest taxes of any state or territory, with skyrocketing cost of living pressures, record tolls, and the worst housing affordability in the nation.

With the budget coming up in less than a month, Dominic Perrottet must immediately look at measures to provide serious and immediate cost of living relief to the people of NSW, rather than letting every single bill paid by households and businesses go up by record levels.

The Government must also ensure any cost of living measure is accessible and readily available, unlike their current energy rebates which have seen more than $200 million going unclaimed last year.

Jihad Dib, NSW Shadow Minister for Energy & Climate Change said:

“Matt Kean promised lower annual electricity bills for households and businesses across NSW, yet today we’ve been told prices will increase by nearly 20 per cent right across NSW.

“Every day, we are hearing more and more stories of cost of living pressures that have surged under this government, every possible measure needs to be explored to help families and businesses doing it tough.

“The Government needs to ensure it is doing everything it can to help NSW with massive cost of living pressures as a result of this government’s actions”.

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