The Australian Industry Group, which represents a few of the nation’s largest vitality customers, has warned that Labor faces “apocalyptic” vitality value rises that “threaten chaos for industry and pain for households”.
Ai Group has referred to as on the brand new Labor authorities, state governments and vitality suppliers to work collectively to help companies battling rising costs for wholesale gasoline and different vitality sources.
Ai Group chief govt Innes Willox.Credit:Alex Ellinghausen
“All of Australia’s former energy strengths – our reliance on the legacy coal generation fleet, large gas resources and a deep entanglement with export energy markets – are working against us in the current circumstances,” Ai Group chief govt Innes Willox mentioned on Tuesday.
“But all of our new energy options – from renewables and storage to biogas, hydrogen and energy efficiency – are hard to accelerate amid global supply chain woes, skills constraints and unease from communities around energy megaprojects.”
Willox mentioned the job of serving to companies because the nation transitions to extra renewable vitality sources couldn’t be left to the federal authorities.
“The most sensible steps on both the supply and demand sides to build for the future and reduce our exposure to fuel costs will take time to deliver,” Willox mentioned.
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“Short term responses to help vulnerable industry and households will also be needed. They should be swift, targeted and have a clear handoff as the benefits of longer term measures are achieved.
“The new Albanese government has an unenviable but urgent task in responding to this crisis. It is not one they can or should take on alone.
“The states hold many relevant levers, as do the energy market authorities, energy suppliers and energy users. The first task for the Commonwealth is to bring us all together. Any strategy will need wide participation to work.”
Labor cabinet introduced; Labor majority achieved; Scott Morrison, Alex Hawke blasted by Liberals; AGL demerger fallout continues, Guide Dogs Victoria CEO resigns amid Josh Frydenberg investigation & More Latest News Update
Labor cabinet introduced; Labor majority achieved; Scott Morrison, Alex Hawke blasted by Liberals; AGL demerger fallout continues, Guide Dogs Victoria CEO resigns amid Josh Frydenberg investigation & More Live News
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