COST OF POWER & ENERGY

JLN supports a monitoring and regulation system, which ensures that our power and fuel prices for Australian consumers and businesses are not more expensive than our overseas competitors.

“If we are to protect Australian wages and conditions – save Australian jobs, then our electricity and energy prices must be lower than our overseas competitors.” Senator Lambie.

JLN notes that of all the advanced countries in the world, Australia is one of the most energy rich nations, and if governed properly – should be able to supply the cheapest, most reliable power, gas and fuel to its businesses and households.

JLN research proves that Australia’s power, energy prices are not the cheapest, when compared with our major overseas competitors. With all the political focus on renewable energy, rather than affordable energy, JLN acknowledges that the cost of living and running businesses in Australia is too high. 

 

Price of Household Electricity Parliamentary Library Research OECD 2013

Country Price in US Cents per KW/Hr
Canada 8.46
Norway 9.65
United States 12.12
South Korea 12.94
Switzerland 13.59
Israel 15.17
Finland 16.39
Luxembourg 16.90
France 17.23
Sweden 17.45
New Zealand 18.43
Australia 19.75 – 25 Aust. Cents / KwH
Italy 30.28
Germany

Tot = 625,000 GWH

Renewable = 77,000 GWH

or 12.33 % of Tot.

37.26 note its expensive because they rely on subsidized renewables 48Aust / KWH

JLN notes that the cost of living and doing business because of the relatively high price of Australian energy, has not received the serious political attention and discussion it deserves.

JLN therefore demands that power and gas prices should be the subject of a broad-ranging parliamentary inquiry, which is tasked to find out why our business and households are forced to pay inflated bush-ranger electricity, power and fuel prices?

JLN wants the following three-part key question explored and answered by the Senate inquiry into power prices, gas and fuel prices.

What affect will a future a) Australian Gas Reserve Policy b) Australian Nuclear Power Generation Industry c) Australian Renewable Power Generation Industry, dominated by non-baseload power sources, have on domestic electricity and power prices?

JLN acknowledges that free trade, globalisation and the removal of restrictive trade tariffs have provided many opportunities for Australian companies to create wealth and jobs by exporting goods and services to the world.

However JLN also acknowledges with free world trade and deregulation Australian companies – particularly those in the prime wealth creating industries of manufacturing, mining, farming and tourism – are unfairly forced to compete with cheap overseas labor and cheap, dangerous work conditions.

JLN knows that the only way those Australian businesses can remain profitable and maintain their world competitive edge – while preserving their Australian workers’ pay, awards and conditions – is to access cheap energy.

JLN condemns any political party that ignores this fundamental economic reality, which – if not properly addressed – will caused (as witnessed in the car manufacturing industry) the closure of Australian businesses and loss of Australian jobs.

A “she’ll be right attitude’’, or a deliberate cover up (complacency or complicity) of the danger that an energy and fuel cost crisis will caused to our national interests, will not be tolerated by JLN.

An Australia energy and fuel cost crisis will cause more social harm and economic damage in the short to medium term to Australia than any predicted Climate Change, which according to the scientists cannot be stopped because global warming is already locked in for the next 30 to 40 years.

Therefore the JLN, in addition to the establishment of special Parliamentary Committee, supports a monitoring and regulation system – which ensures that our power and fuel prices for Australian consumers and businesses are not more expensive than our overseas competitors.

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