Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

PM's COAG Plan to Slash Power Bills; Opposition Blames Carbon Tax and Slams a[euro][approximately]Power Watch'

Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

PM's COAG Plan to Slash Power Bills; Opposition Blames Carbon Tax and Slams a[euro][approximately]Power Watch'

Article excerpt

Byline: Daniel Burdon

On the agenda

Stop over-investment in networks

Set reliability standards independently

Create two new consumer bodies

THE rising cost of household power could be cut by up to $250 a year, under a plan Prime Minister Julia Gillard will bring to the states during Council of Australian Governments meetings this Friday.

Ms Gillard's plan comes after a Senate inquiry, a major energy market review by the Australian Energy Market Commission and a Productivity Commission inquiry into electricity costs.

While the details of the package of reforms were yet to be released, Ms Gillard said she wanted to stop state governments agold platinga the electricity transmission networks, and tighten regulations.

The package she will show premiers on Friday includes the creation of two new consumer bodies for power prices and an independent areliability standardsa regulator.

It will also cut up to $3 billion in unnecessary spending on infrastructure upgrades to cater for four days a year of peak demand. …

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