Labor’s power grid gold-plating is a rewiring tax on consumers

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 90%

Australia Headlines News

Australia Latest News,Australia Headlines

Labor’s plan to build non-priority transmission projects will mean higher electricity bills locked in for decades.

on these pages last week served as further proof – if any was needed – of his lack of understanding of the National Electricity Market, and Labor’s lack of concern when it comes to keeping electricity bills low for Australian consumers.is largely unfunded fails even the most basic test. Thirteen months on from his appointment as the opposition spokesman for climate change and energy, it is clear he still has his training wheels on – as his colleague, Joel Fitzgibbon, famously put it.

Ours is a prudent approach, based on expert advice and a careful consideration of the costs and benefits to consumers. We are funding those projects identified as part of an optimal development pathway, while monitoring others where the economics don’t yet stack up. Transmission infrastructure is a regulated asset, meaning its owners have a guaranteed rate of return over the life of the project, which can be up to 50 years. These costs, in turn, are passed on to consumers.

Households, businesses and manufacturers cannot withstand another round of gold-plating and waste under Labor.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Don’t need to be an ex-McKinsey hack to know numbersout of Taylor’s office are loose - just ask Clover Moore. This is the guy that didn’t even know Eraring was closing 7 years early when NSW Gov knew for at least six months. He wouldn’t know what a transmission line looks like.

This will end up like the NBN. Pandering media supports LNP claims of gold plating and we end up with another second rate, not fit for purpose disaster.

So who pays for the Kurri Kurri white elephant?

Aust govts (both) have set the bar sooooooo low that we threw the towel in generations ago..higher living costs? Ha..i eat them for breakfast

Fuel price over $2 what does that have to do with Labor or price of fish? Fear mongering is becoming tedious

Nobody believes you Angus ,bring our fuel from US,that’s if they let us have it ?

So the Fairfax media have started their anti Labor scaremongering campaigning.?...just hope the 'punters' can see through it this time round.

Has the AFR become a copy/paste of Taylor's media releases now?

There’s nothing more alarming for right wing than the thought of planning for the future and creating some jobs along the way. If they see it happening, they’ll destroy it. eg NBN

We don’t need opinion. We need facts.

Don’t expect the ABC to cover this issue

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tax offset likely to stay as cost-of-living pressures increase ahead of election: backbenchersIf the tax offset is not extended at the March 29 budget, more than 10 million Australians will face higher tax bills next year. rachelclun Guess what else will likely stay - wage cuts under the Liberal Party. rachelclun Yep. Wages still going backwards in real terms. But sure have a “tax cut ™️”. rachelclun Back in Black?
Source: smh - 🏆 6. / 80 Read more »

Tax offset likely to stay as cost-of-living pressures increase ahead of election: backbenchersIf the tax offset is not extended at the March 29 budget, more than 10 million Australians will face higher tax bills next year.
Source: brisbanetimes - 🏆 13. / 67 Read more »

Tax offset likely to stay as cost-of-living pressures increase ahead of election: backbenchersTax cuts to millions of Australians are likely to be extended for another year in a bid to keep voters onside ahead of the federal election. tax auspol election Guуs I need help I want in my mоuth “The low & middle income tax offset delivers up to $1080 a year to more than 10 million Australians earning less than $126,000” Good for now. Will help majority, who have been negatively affected by 250 odd days of lockdowns & restrictions over the last 2 years. The well tried “fist full of dollar’s campaign eh?
Source: theage - 🏆 8. / 77 Read more »

The six next-gen music acts you need to listen to right nowFrom a Gold Coast busker to a Korean-Australian hip-hop collective and a TikTok star, these acts are the rising stars on the Australian music scene. CMscreens All crap. All musicians are crap CMscreens I'm a nude model, rate my photos)😘😘😘 CMscreens
Source: smh - 🏆 6. / 80 Read more »

Frydenberg urged to cut fuel tax amid soaring petrol pricesSA Premier Steven Marshall writes to the federal government asking it to reduce the fuel excise in the next budget, amid record petrol prices across Australia. Deep down he wants to save money and not help out the citizens Josh and Scott will have dozens of excuses why they can't and not one good reason why they should. That will simply put us further in debt. The libs have already put us in record debt and deficit
Source: abcnews - 🏆 5. / 83 Read more »

Labor to consider civilian natural disaster agency as alternative to ADFShadow defence minister Brendan O’Connor says defence force should be trained for military purposes, not for disaster response Every war is a disaster zone. ADF skills should be completely transferrable. They can get paid to practice using weapons between climate change weather disasters - provided they don't set fire to the environment eg: 440+ ha: I thought we had one. It’s called the SES God forbid that the ADF do some useful work in a time of national crisis!
Source: GuardianAus - 🏆 1. / 98 Read more »