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Momentum campaign has no effect on power prices

Mon 28 May 2012

Bryan Green

Minister for Energy and Resources


The Minister for Energy Bryan Green said today a marketing campaign by
Hydro Tasmania's interstate retailer Momentum will have no impact on power
prices in Tasmania.

"The Government is taking real action to limit power price increases and the
campaign by Momentum will not affect energy costs for Tasmanian consumers," Mr
Green said.

"Power prices to non-contestable customers in Tasmania are set by
the economic regulator and not subject to competition.

"The Government will introduce competition and choice for Tasmanian
consumers as part of our energy reforms including the regulation of wholesale
energy prices.

"Mr Green described comments by Kim Booth as an uniformed rant.

"The benefits from Momentum's business in the national electricity
market will be returned in the form of dividends to the State which helps fund
services like hospitals, schools and law and order," Mr Green said.