Tuesday, 17 March 2020

Onshore conventional gas

Mr WELLS (Rowville) (13:51): In this statement I would like to acknowledge the many constituents who have contacted my office raising their concerns over increased power prices. Therefore it is pleasing that the Liberal-Nationals have announced that they will lift the suspension on conventional onshore natural gas in Victoria.

Labor’s failed energy policies have led to widespread blackouts. Victoria is often unable to meet its own energy needs, especially during summer. Energy prices have increased dramatically since Labor was elected in 2014, which is putting added financial stress on families. Victorians are now being forced to pay amongst the highest power prices in the country, with wholesale electricity prices almost tripling since 2015.

It is time for Victorians to benefit from our own natural resources. Opening up clean, onshore natural gas will reduce emissions and support jobs while taking the pressure off power bills and supporting families struggling with the high cost of living. This will be done while maintaining the ban on fracking. This policy ensures that Victoria can produce its own reliable power supply, while also protecting landowners who will be given the right of veto over conventional gas exploration and extraction on their land. The natural gas will also be quarantined for domestic use and not be available for export to ensure downward pressure on local gas prices.

Labor’s last-minute decision to keep pace with the Liberal­Nationals is desperate and clearly lacking in originality, simply following in the footsteps of the Liberal-Nationals.