Labor has welcomed the competition watchdog’s report.
A report by the Australian Competition and Consumer Commission into high electricity prices has highlighted how much of the blame for increasing bills lies directly at the feet of the privatisation-hungry NSW Liberal-National Government.
The decision by the Liberals and Nationals to sell Macquarie Generation – which included the Bayswater and Liddell power stations - to AGL is cited as reducing competition and pushing up prices.
Another key factor was Gladys Berejiklian’s decision as Treasurer to go to court to block the Australian Energy Regulator’s ruling on network costs.
The ACCC states that legal challenges like this resulted in “higher network charges to households and consumers.”
The motivation behind her legal challenge was that if consumers paid more for their electricity then she would get a higher price when she privatised the electricity companies.
The sale of the State’s poles and wires was, according to the Liberals, going to deliver savings but has only succeeded in reducing competition and driving up power bills.
The Premier when Treasurer used taxpayer dollars to go to court to block household and business cost savings of billions of dollars, costing the average household up to $313 per year and small businesses up to $523 per year.