In a speech to the National Press Club the Leader of the Australian Greens, Dr Richard Di Natale, has announced a plan to establish a national publicly owned electricity retailer, Power Australia, to increase competition in the National Electricity Market, drive down prices and support the transition to clean energy.
Quite simply, corporate interests should not be in charge of essential public services. A public retailer, along with community owned players, would provide the competition needed to end price gouging and super profits, while pushing down prices. And it would kick-start the next wave of renewable energy projects, that the public desperately wants to see built.
It’s time to bring power back into public hands.
The time has come for publicly-owned institutions to play a much bigger role in the provision of essential services. We need to put people before profit, and our plan to re-establish a state-owned electricity retailer called Power Australia is going to do exactly that.