Electricity prices have gone up by over 32% (without rebates). Gas prices have gone up 34%. (As at January 2025)1
Labor has tried to manipulate inflation through electricity subsidies. However, these are financially unsustainable. Once they end in July 2025, inflation will spike.
Labor has bungled energy policy.
Prior to the election they promised to reduce household power prices by $275 per year.
But bills have increased by around $1,300 more than Labor promised.
Small business electricity prices have increased up to 52% and small business gas prices have increased up to 43%.2
122,000 households are now on financial hardship for their power bills – an increase of 66% under Labor.3
Australia needs 24/7 baseload power, for hospitals, factories and freezers and for households that need reliable electricity.
Under Labor, 90% of our 24/7 baseload electricity will be closed over the next decade.
Labor has bungled energy policy.
Prior to the election they promised to reduce household power prices by $275 per year.
But bills have increased by around $1,300 more than Labor promised.
Small business electricity prices have increased up to 52% and small business gas prices have increased up to 43%.2
122,000 households are now on financial hardship for their power bills – an increase of 66% under Labor.3
Australia needs 24/7 baseload power, for hospitals, factories and freezers and for households that need reliable electricity.
Under Labor, 90% of our 24/7 baseload electricity will be closed over the next decade.
Labor has put all its eggs in one basket.
No major economy in the world relies on just solar and wind, as Labor is proposing.
This will cost more and make our energy system less reliable.
The Labor Government’s 82 per cent renewables target by 2030, requires 6-7 gigawatts of additional large scale wind and solar every year.
Over the last three years on average, under Labor, investment is running at less than half pace.4
Labor’s approach will require: 22,000 additional solar panels a day; 40 new industrial wind turbines a month; and up to 28,000 km of new transmission lines across the country.
Experts have warned the full cost of this will be over $1 trillion.
This will cost more and make our energy system less reliable.
The Labor Government’s 82 per cent renewables target by 2030, requires 6-7 gigawatts of additional large scale wind and solar every year.
Over the last three years on average, under Labor, investment is running at less than half pace.4
Labor’s approach will require: 22,000 additional solar panels a day; 40 new industrial wind turbines a month; and up to 28,000 km of new transmission lines across the country.
Experts have warned the full cost of this will be over $1 trillion.
Labor is ignoring global experience.
31 countries have signed a pledge to triple the amount of nuclear power by 2050 to help deliver on net zero.
Of the world’s 20 largest economies, Australia is the only one not using nuclear energy, or moving towards it.
As Bob Hawke said in 2016:
Of the world’s 20 largest economies, Australia is the only one not using nuclear energy, or moving towards it.
As Bob Hawke said in 2016:
“Nuclear power would be a win for the environment and an essential part of attacking global warming.”5
Or in the words of Australian aviator and entrepreneur, Dick Smith:
“There’s no way we’re going to be able to get our carbon emissions down without going nuclear.”6
