2022-10-27
West Australian energy prices are rising and everyday people are paying the price.
Fossil fuel companies are making windfall profits but instead of taxing them appropriately, governments are giving them handouts to export our resources.
Research shows that when adjusted for inflation. Fossil fuel exporters are paying less Petroleum Resource Rent Tax (PRRT) than they were 15 years ago.
Lines attributable to Greens spokesperson for resources, Yamatji-Noongar Woman Senator Dorinda Cox:
“The wholesale price of electricity in Western Australia has risen by 44% in the last year due to our reliance on underperforming dirty fossil fuels. Our lack of investment in green renewables has left us susceptible to price hikes despite our domestic reserves.
“West Australia currently gets more revenue from car registrations than the multi-billion dollar gas industry. The Petroleum Resource Rent Tax (PRRT) is not fit for purpose, we cannot continue to give these corporations handouts and leave West Australians to foot the bill.
“Labor knows renewable energy is the cheapest form of power. Federal and state governments should be focused on investing in cleaner, greener renewable energy sources to drive energy prices down.”