Energy white paper to help drive economic growth

8/4/2015

Federal Member for O’Connor Rick Wilson has welcomed the release of the Australian Government’s Energy White Paper, which puts one of our most important economic sectors in the box seat for further growth.

Mr Wilson said Australians are more aware of energy issues than ever before.

“Whether it’s about electricity prices or ensuring our long-term energy security and export growth, the energy sector underpins our lives and our economy,” he said.

“That’s why the Energy White Paper is so important for Australia’s future, because it sets the path for economic growth. Importantly for homes and businesses, the White Paper reaffirms the Government’s commitment to putting downward pressure on electricity prices, by ongoing work with States and Territories on energy market reform.”

The white paper includes several measures to reduce pressure on gas prices, the result of increasing demand from international exports which is also providing revenue and jobs.

“The white paper addresses the issue of access to affordable and reliable energy for all States and Territories, including measures to ensure an open and transparent gas market, which is essential for economic and industry growth.

“Competition amongst gas suppliers and increasing supply will help ease price pressures.

“The white paper will deliver efficient, transparent markets that support competition and give consumers information to make choices about their energy use. In addition, the National Energy Productivity Plan will promote more efficient buildings, transport, and equipment and appliances, also helping to reduce household and business energy costs.

“The plan will deliver up to 40 per cent improvement in energy productivity, encouraging economic growth, as well as helping to reduce emissions.”

The Energy White Paper will build on other initiatives to reduce pressure on energy prices and increase Australia’s competitiveness as a global energy supplier and is available at www.ewp.industry.gov.au.

ENDS

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