Household electricity prices set to surge

South Australian households have missed out on an average $188 a year cut in electricity prices as a consequence of the Weatherill Government’s failed energy policies and residential prices are set to rise even further in the near future.

“The regulated cost of distributing and transmitting electricity to South Australian households fell by 10 per cent in the past year but that price relief was eaten up by rising generation and retail costs,” said State Liberal Leader Steven Marshall.

“The Weatherill Government’s failed energy policies have driven up the cost of generating electricity in South Australia and that cost is now being borne by all households and businesses.

“In bad news for South Australian power prices the closure of the Port Augusta power station will drive the price for wholesale electricity in South Australia even higher.

“The Weatherill Government’s over-zealous promotion of wind power has created a distorted generation system in South Australia and that is driving sharp increases in the cost of generation.

“There is a place for sustainable energy in South Australia but it shouldn’t result in South Australians paying more for electricity than the rest of the country.

“We currently endure the highest prices in the National Electricity Market (NEM) and the gap between South Australia and the rest of the NEM is set to increase significantly by 2018.

“Indeed the price of baseload electricity in New South Wales and Victoria will come down from its current levels whilst South Australia is looking at a further 20 per cent increase by March 2018.

“The Weatherill Government was repeatedly warned that the closure of the Port Augusta power stations would reduce base load supply and drive up the price of electricity.

“Victoria will enjoy wholesale electricity prices less than half the price we pay by 2018.”