DEPUTY LEADER OF THE OPPOSITION
MEMBER FOR FAIRFAX
MEDIA STATEMENT
26/05/2025
Australia’s standard of living and economic prosperity is underpinned by access to energy. Yet today we see the price of power continues to increase.
These steady increases in power prices are not sustainable for families, businesses and industry.
The Australian Energy Regulator’s (AER) final Default Market Offer released today confirms that Australian households are now paying up to $1,300 more for electricity than Labor promised them.
This represents a cumulative increase of $3,177 in electricity costs for families since the Government’s commitment to cut power bills by $275.
The AER’s determination shows electricity prices have increased by up to 9.7 per cent for households and 8.5 per cent for small businesses over the past year alone.
The AER identifies high demand, network and power station outages and low renewable generation as the key drivers behind the continued rise in prices.
While the Opposition acknowledges it did not meet expectations at the recent election the fundamental issues in Australia’s energy market under Labor persist – prices continue to rise.
The Coalition will take the time to listen and to get it right, but the message from Australian families remains consistent – prices remain too high and the pressure is mounting. Constant assurances of cheaper power from the Albanese Government have not been born out.
Australians are asking their government a simple question today: when will these price rises stop?