LABOR’S ENERGY POLICY REVEALED: NO BILL RELIEF “FOR SEVEN YEARS”

In a train-wreck television interview today, the opposition leader admitted his marque energy policy – a new bloated $1 billion energy bureaucracy – would not provide energy bill relief or supply certainty until “six and seven years down the line”.

Asked about when his power policy would bring down power prices and by how much, Mr Minns said: “It’s not possible to make that prediction right now.”

He then conceded that under Labor, the wait for energy relief was still years away, telling Sky News: “I’m going to be honest with the people of NSW and say that the benefits of this policy will be felt six and seven years down the line.”

NSW Treasurer and Minister for Energy Matt Kean said Labor had been forced to come clean after overpromising, then undermining the state’s energy transition.

“It’s a relief that the Labor mask is falling away and the policy and budget black holes are being revealed before it’s too late,” Mr Kean said.

“NSW has short, medium and long term plans already underway to deliver a cheap and reliable energy future, while Labor can only deliver empty promises it is already walking away from.”

To deliver cheaper and more affordable energy, the Liberal and Nationals Government has:

 Provided more than $300 million in energy bill relief

 Committed to further immediate relief of $250 per household if re-elected through the Energy Bill Saver Program which also incentivises long-term bill relief

 Introduced a coal cap in a deal with the Commonwealth that has already cut future price increases by more than 40 per cent and secured a commitment from the Albanese Government to match our rebates.

 Yesterday granted planning approval for our 850 megawatt Waratah Super Battery, the largest grid-scale battery in the southern hemisphere, which is on top of 380MW of new dispatchable power by 2026.

 Committed to a $1.5 billion Clean Energy SuperPower Fund to fast track the delivery of critical transmission, storage and network security infrastructure.

 Rolled out our nation-leading electricity infrastructure roadmap, which will deliver 12 gigawatts of clean and reliable renewable generation, backed up by 2 gigawatts of long-duration storage like pumped hydro and big batteries.

“Labor is planning a new bureaucracy for $1 billion that could deliver just enough energy to power the Labor seats of Kogarah, Canterbury and Heffron, but only seven years from now,” Mr Kean said.

Today’s low energy interview comes after the opposition education spokeswoman admitted she did not know how much Labor’s wages policy would cost, and was also unable to explain how Labor’s Education Future Fund would be funded or what it would fund.