Everyone agrees the NEM is broken: Bandt statement on inquiry into modernising Australia’s electricity grid

Everyone agrees the NEM is broken: Bandt statement on inquiry into modernising Australia’s electricity grid

Greens climate change and energy spokesperson and Member of the House of Representatives Standing Committee on the Environment and Energy’s inquiry into modernising the electricity grid, Adam Bandt MP, said that the consensus report released today shows that Parliament agrees that the rules governing our electricity market are broken.

“Now that there’s consensus that the rules that govern our grid are broken, the next step is to start fixing them,” said Mr Bandt.

“Fixing the grid means standing up to the Cayman Islands company and other corporations that own our network and instead running it in the public interest.

“Without reform, the incumbent generators and special interests will continue to stymie any attempts to transition our electricity grid.

“We need to stop thinking about how to save dirty old clunkers like Liddell and start thinking about how to plan for and establish new ‘Renewable Energy Zones’ to take advantage of our abundant solar and wind potential. If we leave it up to big corporations seeking only to maximise their profit at public expense, renewable energy zones won’t happen.

“The rules are not working. Privatisation has failed. It’s time for Labor and the Liberals to admit that.

“It’s clear that the Cayman Islands company and big corporations who own our grid are not interested in a 21st century grid, they’re interested in shareholder profit."

 

Media contact: Gideon Reisner, 0429 109 054

TW: @AdamBandt FB: facebook.com/Adam.Bandt.MP

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