The Australian Coalition has chosen not to promise a specific reduction in energy prices, following the unveiling of a new gas policy aimed at boosting domestic production. <\/p>\n\n\n\n
The announcement, which was made public through Sky News<\/a>, seeks to address rising costs but stops short of providing a concrete figure for savings. <\/p>\n\n\n\n
In a bid to tackle rising energy costs, Opposition Leader Peter Dutton introduced the National Gas Plan<\/strong>, which focuses on increasing domestic gas production and establishing an east coast gas reserve. <\/p>\n\n\n\n
This plan is expected to lower wholesale gas prices from over $14 per gigajoule to under $10 per gigajoule. However, the Coalition has not specified the expected savings for consumers.<\/p>\n\n\n\n
Ted O’Brien<\/strong>, the Coalition\u2019s shadow energy minister, has emphasized that unlike Labor\u2019s failed promise to reduce household power bills by $275, the Coalition will not offer a set figure. According to O\u2019Brien, <\/p>\n\n\n\n
\nWe will not be doing what Labor did and making a promise about a $275 reduction in household power bills or anything like that – he said. <\/p>\n<\/blockquote>\n\n\n\n
He stressed that the Coalition prefers to be transparent with the Australian people about the complexity of the energy issue, stating,<\/p>\n\n\n\n
\nThis is why you need to be straight with the Australian people. You need to ensure you tackle challenging problems and energy is challenging.<\/p>\n<\/blockquote>\n\n\n\n
The failure of Labor’s $275 promise<\/h2>\n\n\n\n
Labor’s pledge to cut electricity prices by $275 was a central campaign promise in the 2022 federal election, but it has since failed to materialize. <\/p>\n\n\n\n
As power prices have surged in recent years, many have questioned the feasibility of such ambitious promises. In response, Prime Minister Anthony Albanese has indicated that the government will not repeat similar promises during the 2025 election campaign. <\/p>\n\n\n\n
\nI\u2019m not going into this election, as the Prime Minister did in the last election, promising that electricity prices (will) come down by $275 – Mr. Dutton said.<\/p>\n<\/blockquote>\n\n\n\n
The Coalition\u2019s broader energy reform plan<\/h2>\n\n\n\n
The Coalition\u2019s proposal represents a significant shift in Australia’s energy market, with plans to decouple the domestic gas market from international prices. <\/p>\n\n\n\n
This strategy includes a $1 billion Critical Gas Infrastructure Fund and a $300 million Strategic Basins Plan to boost domestic gas supply.<\/p>\n\n\n\n
While the specifics of how these policies will impact household energy bills remain unclear, the Coalition\u2019s approach seeks to address the energy sector\u2019s broader challenges with a long-term vision. O\u2019Brien also indicated, <\/p>\n\n\n\n
\nOur policies have been based on engineering and economics. We\u2019ve been upfront all the way through. There’s more we’ll say. We will release our full modelling through the course of the campaign.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"
The Coalition has refrained from setting a specific figure for energy price reductions, despite unveiling a plan to ramp up domestic gas production. This marks a clear departure from Labor’s failed $275 promise.<\/p>\n","protected":false},"author":9,"featured_media":102873,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"class_list":["post-102872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/posts\/102872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/comments?post=102872"}],"version-history":[{"count":2,"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/posts\/102872\/revisions"}],"predecessor-version":[{"id":102882,"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/posts\/102872\/revisions\/102882"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/media\/102873"}],"wp:attachment":[{"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/media?parent=102872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/categories?post=102872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.econostrum.info\/au\/wp-json\/wp\/v2\/tags?post=102872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}