Energy

The majority voted against a motion introduced by West Australian Senator Louise Pratt (Labor), which means it failed.

Motion text

(a) notes that:

(i) since 2013, gas prices for manufacturers have skyrocketed, increasing by up to four times their levels in 2013,

(ii) according to the Australian Competition and Consumer Commission, spiralling gas prices have resulted in three manufacturers closing down and threaten the viability of many more businesses,

(iii) Australia has become the world’s largest gas exporter while our own businesses face difficulties in securing affordable gas supplies,

(iv) the Federal Government continues to refuse to bring big gas companies to heel by pulling the trigger on gas export controls,

(v) under Prime Minister Morrison, power prices have continued to skyrocket, with wholesale power price futures contracts up by 33% since former Prime Minister, Mr Malcolm Turnbull was forced out of The Lodge, and

(vi) Prime Minister Morrison’s election promise to reduce wholesale power prices to $70/mwh by 2021 would only bring prices back to the levels seen under his predecessor, Mr Turnbull; and

(b) calls on the Federal Government to take real action to reduce the cost of energy in Australia by:

(i) bringing big gas companies to heel by finally pulling the trigger on gas export controls and ensuring Australian users have access to affordable Australian gas,

(ii) guaranteeing a reduction in gas prices for Australian businesses to levels that can sustain competitive Australian manufacturing, as well as ensuring ample gas supply for Australian users, and

(iii) delivering a national energy policy that will end investment uncertainty and deliver a modern energy system including cheaper, reliable and clean power.