FORDE households are burdened with another year of unaffordable energy costs as the new financial year’s electricity prices start applying from this month.
The new prices confirm that Labor has broken its promise to reduce household power bills by $275, with Forde residents instead paying among the most expensive power bills in the world.
The Australian Energy Regulator is responsible for setting what’s known as the ‘reference price’ for electricity which signifies the cost of an average Australian energy bill.
The new prices announced by the Australian Energy Regulator (AER) for the 2024-25 financial year reveal that:
- Residents in QLD, will pay up to $948 (39%) more than Labor promised.
- Residents in NSW will pay up to $1,062 (39%) more than Labor promised.
- Residents in SA, will pay up to $958 (33%) more than Labor promised.
- Residents in VIC, will pay up to $657 (25%) more than Labor promised.
Soaring power prices have already wreaked havoc on household budgets, with 127,000 households now on hardship arrangements with their electricity retailer.
Member for Forde, Bert van Manen MP, has witnessed the impact of skyrocketing energy costs firsthand in his electorate.
“Every household in Forde is suffering under the alarming energy policies of the Labor Government,” Mr van Manen said.
“Prices are up and families are being forced onto hardship arrangements just to keep the lights on and their homes warm this winter.
“New energy prices that begin to take effect this week reveal that members of my community will be $948 worse off than Labor promised them.
“Even after spending $6.5 billion of taxpayers’ money to mop up its failed energy policy, Labor is still not even close to achieving its promise of a $275 reduction in power bills,” he said.
