For further information contact: Robert Brokenshire on 0419 815 990 or 08 8237 9122 FAMILY FIRST - The Independent Party FEDERAL ROYAL COMMISSION INTO POWER PRICES NEEDED Wednesday 7 August 2013 FAMILY FIRST MLC Robert Brokenshire has this morning called upon the Prime Minister, Opposition leader and written this morning to the South Australian Premier asking him to support his call for a Royal Commission into power prices regardless of who wins the Federal election on September 7. “A recent report published by the Australian Energy Regulator into abnormally high spot prices this autumn – setting records not seen even in recent South Australian summers – suggests serious problems with the relatively recent national market ”, Mr Brokenshire said. “This is a state legislative matter, and South Australia is the lead legislator – other states are looking to adopt the national legislation that has passed the SA Parliament” “However, the SA Energy Minister told Adelaide radio this morning he had tried to reform the market through the council of energy ministers, without success – so there is not going to be any improvement in the sky-rocketing power bills without a Royal Commission” “I’m here to warn the rest of the nation, out of the state with the highest electricity bills in the nation, whilst Australia has the highest power prices on earth, that the rest of Australia is going to cop it like South Australia has been, once they sign on to the national market” “The regulator has no teeth and the energy companies have guaranteed profits. No other industry in the world has such a regime that ensures companies can keep growing their profits, and even pass through unexpected costs that any other business just has to carry” “The national energy rules favour the power companies, not the consumers, and if we don’t have a Royal Commission to straighten it out, the single biggest cost of living pressure in the nation is going to get a lot worse” HON ROBERT BROKENSHIRE MLC

Federal royal commission needed into power prices

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FAMILY FIRST MLC Robert Brokenshire has this morning called upon the Prime Minister, Opposition leader and written this morning to the South Australian Premier asking him to support his call for a Royal Commission into power prices regardless of who wins the Federal election on September 7.

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Page 1: Federal royal commission needed into power prices

For further information contact: Robert Brokenshire on 0419 815 990 or 08 8237 9122

FAMILY FIRST - The Independent Party

FEDERAL ROYAL COMMISSION INTO

POWER PRICES NEEDED

Wednesday 7 August 2013

“A recent report published by the Australian Energy Regulator into abnormally high spot prices this autumn – setting records not seen even in recent South Australian summers – suggests serious problems with the relatively recent national market”, Mr Brokenshire said.

“This is a state legislative matter, and South Australia is the lead legislator – other states are looking to adopt the national legislation that has passed the SA Parliament”

“However, the SA Energy Minister told Adelaide radio this morning he had tried to reform the market through the council of energy ministers, without success – so there is not going to be any improvement in the sky-rocketing power bills without a Royal Commission”

“I’m here to warn the rest of the nation, out of the state with the highest electricity bills in the nation, whilst Australia has the highest power prices on earth, that the rest of Australia is going to cop it like South Australia has been, once they sign on to the national market”

“The regulator has no teeth and the energy companies have guaranteed profits. No other industry in the world has such a regime that ensures companies can keep growing their profits, and even pass through unexpected costs that any other business just has to carry”

“The national energy rules favour the power companies, not the consumers, and if we don’t have a Royal Commission to straighten it out, the single biggest cost of living pressure in the nation is going to get a lot worse”

HON ROBERT BROKENSHIRE MLC

FAMILY FIRST

The Independent Party