Energy market reform

By Country News on August 16, 2017
  • Energy market reform

    New South Wales Farmers' Association is calling for reforms to the electricity market.

The New South Wales Farmers’ Association is calling on Prime Minister Malcolm Turnbull to establish more transparency in the retail electricity market.

NSW Farmers’ Association president Derek Schoen said compared to urban areas, consumers in regional areas are paying more.

‘‘Regional electricity users are paying the highest electricity prices in Australia, and with the introduction of cost-reflective pricing, some users will see increases in their electricity bill of 200 per cent,’’ he said.

‘‘The typical household in the bush pays around $2083, while in Sydney this is $1507.’’

Mr Schoen said regional areas were not receiving the full benefits of the electricity market, with those shopping around for a better deal in Dubbo, NSW only able to get a 32 per cent cost saving. Consumers living in Darlinghurst can receive a 51 per cent cost saving.

The group is calling on the Prime Minister to introduce short and long-term reforms, and Mr Schoen is suggesting a comparison rate for retail electricity market offers be introduced, allowing customers to directly compare market offers and find the best deal.

‘‘In the longer-term we need incentives and feed-in tariffs that encourage distributed energy resources, demand management, and energy efficiency on farms. I want to see farmers control their own destiny with respect to energy and electricity,’’ he said.

By Country News on August 16, 2017

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