The foreign affairs minister is on her way back to Australia after a crucial diplomatic mission to rebuild ties with Beijing; internal Liberal party review says it must rebuild grassroots to regain power, report says
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It wasn’t a jump for Liberals ‘to protect the people’ with energy market intervention, NSW treasurer says
That energy deal was brokered in exchange for the NSW’s government support on the federal government’s fossil fuel price cap.
The Australian market regulator and the cap price that people pay for electricity will make their announcement in February about what bills people will pay for next year. And we expect that the move will feed directly through to that and see downward pressure of up to $243 on electricity bills of what it was previously going to be.
How much of a philosophical jump was it for you as a Liberal, to intervene in the market in this way and cap the prices?
Well, it wasn’t a jump at all to stand by people following the illegal war in Ukraine, which is pushing up electricity bills. The government is there to protect the people – not the other way around.
And that’s exactly what we did. We looked at a range of measures to support people to deal with these high electricity prices. And this is the one that the commonwealth government asked us to do and, obviously, our No 1 priority is standing by the people of New South Wales using our balance sheet to support families and businesses. And that’s exactly what we’re doing.
We’d already been talking about it for a long time before that. You don’t do these deals in a matter of days.
It’s been reported that your talks with Queensland are at an advanced level, what is Queensland going to get to signing up to your intervention?
Queensland have already announced a very ambitious renewable energy plan, which is great.
Continue reading…The foreign affairs minister is on her way back to Australia after a crucial diplomatic mission to rebuild ties with Beijing; internal Liberal party review says it must rebuild grassroots to regain power, report saysGet our morning and afternoon news emails, free app or daily news podcastIt wasn’t a jump for Liberals ‘to protect the people’ with energy market intervention, NSW treasurer saysThat energy deal was brokered in exchange for the NSW’s government support on the federal government’s fossil fuel price cap.The Australian market regulator and the cap price that people pay for electricity will make their announcement in February about what bills people will pay for next year. And we expect that the move will feed directly through to that and see downward pressure of up to $243 on electricity bills of what it was previously going to be.How much of a philosophical jump was it for you as a Liberal, to intervene in the market in this way and cap the prices?Well, it wasn’t a jump at all to stand by people following the illegal war in Ukraine, which is pushing up electricity bills. The government is there to protect the people – not the other way around.And that’s exactly what we did. We looked at a range of measures to support people to deal with these high electricity prices. And this is the one that the commonwealth government asked us to do and, obviously, our No 1 priority is standing by the people of New South Wales using our balance sheet to support families and businesses. And that’s exactly what we’re doing.We’d already been talking about it for a long time before that. You don’t do these deals in a matter of days.It’s been reported that your talks with Queensland are at an advanced level, what is Queensland going to get to signing up to your intervention?Queensland have already announced a very ambitious renewable energy plan, which is great. Continue reading…