Aussies could be slugged extra $500 on power bills under Labor plan
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Federal Energy Minister Angus Taylor claims a Labor government would push up power bills by more than $500 a year over the next decade.
Labor has pledged $20 billion for new electricity transmission projects under its ‘Rewiring the Nation’ plan, claiming it will wipe more than $300 from annual power bills by 2030.
But federal government modelling shows prices would go up around $560 a year if the Opposition wins the election.
Minister Taylor told Ben Fordham the consumers will pay.
“These are projects that are not recommended because right now the cost-benefit does not work for consumers.”
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