Nationals guarantee that Coalition can lower power prices ‘in the short term’ met with scepticism | Gas

Citizen leader, David LitlbroudDid you declare that energy prices will be cheaper under a coalition government in the first period, plans to increase gas supply, without providing modeling and recognition of large “restrictions”.

The coalition announced that it will accelerate the approval of the northern western cliff gas project in Woodside and Providing subsidies for current gas factories. The unspecified red tape will be removed and the “National Authority” test will also be modified in the environmental approval process to give greater weight to economic and social benefits.

When asked if he could guarantee low energy prices during the first coalition term, Litlbroud said, “If it increases [gas] The offer, yes.

“This is what we intend to do by bringing gas quickly,” Litlbroud told ABC. “You have gas here. We have sovereignty over all of our resources. Why don’t we use it?

“To get [prices] Below in the short term, the only way is to increase the width. This is an economic principle that no one can escape from. “

This promise was received by Tony Wood, director of the Energy Program at the Gratan Institute, who said there is no evidence that supports the pledge of politics.

“Every elections, someone offers a promise to reduce prices and every wrong elections,” Wood said.

“I don’t see anything that will drop the cost of gas, regardless of the change in the international situation,” said Wood. “Which of the things [Coalition] They talk about not providing any new gas, any time soon. “

In response to Litlbroud’s comments, Prime Minister Anthony Albaniz asked whether the alliance could fulfill its promises.

“The previous government had this great declaration … about the gas -led recovery,” Albaniz said. “Not much happened. You don’t need a speech, what you need is the actual investment.”

The “gas -led recovery” was a plan announced by the former Prime Minister, Scott Morrison, to expand the use of gas to rebuild the economy after the epidemic.

Wood said: “The last time we tried the refreshment that the gas driven under Kovid has tried, nothing happened,” Wood said. “None of this happened. Nothing happened. If there was anything, gas prices continued to rise steadily.”

In the last elections, the Labor Party promised that electricity prices will be the cheapest $ 275 by 2025. Prices have increased since 2021, as labor indicates the energy market fluctuations and international factors such as the war in Ukraine.

While the Albans government said that its plan to expand the energy bill until the end of the year will provide families $ 150 – at a total cost of $ 1.8 billion – the ministers did not provide predictions about a total decrease in electricity bills.

When asked exactly the cheapest energy prices that will be under a coalition government in the first period, Litlbroud said, “I will not announce that day.”

“Our solution in the short term is more gas, and you can do this within 12 to 18 months.” “You can get this pressure in the network. In the medium term, it comes to moving to nuclear energy.”

Gas is the most expensive forms of electricity generation in the national network, and is responsible for about 21 % of Australian emissions. mystification Energy provided about 5 % of generation in the national electricity market, which covers the five eastern states, during the past year.

About 80 % of the gases extracted in Australia are either exported or used by the export industry. The coalition has previously informed the request of gas companies to increase the supply to the local market before approval of new projects and expansion.

Australian energy The market operator previously raised concerns about capacity problems on the eastern coast, which undermines “gas supply adequacy” during the peak winter periods. The transfer of gas from Queensland to the southern states is still a challenge.

“There are some restrictions to which we will make sure that the gas is,” Little Broad said.

Australian energy Last week, the CEO of the market operator, Daniel Westerman, warned of gas production faster than demand in the southern states. He said this enhances the “need to invest in new gas supplies.”

“Investment can include a new production of production, storage, transportation and liquefied natural gas, or a group of these solutions,” said Westerman.