The Hodgman Liberal Government is working hard to keep downward pressure on power prices and the cost of living and we welcome today’s support for our legislation from the Legislative Council, with minor amendments.
Given the significant volatility in the national market following the South Australian blackouts and the closure of the Hazelwood power station in Victoria, Tasmanians were facing power hikes of about 15 per cent, or $300, from July this year.
The Tasmanian Government regarded this as unacceptable and legislated to protect Tasmanians by allowing the Treasurer to set the wholesale price from July 1. This effectively caps electricity prices for the next twelve months and will protect households and small businesses from a massive price spike.
The Hodgman Liberal Government will always fight to keep down cost of living pressures, like water and power prices, unlike the massive power hikes Tasmanians endured under Labor and the Greens.