Independent MP for Wentworth Allegra Spender is calling for the creation of a ‘People Power Plan’ that aims to permanently lower energy bills after years of dependence on ageing and unreliable coal-fired power stations and the “price gouging of a foreign-owned gas cartel”.
Spender, one of a number of so-called “Teal independents” who have swept to prominence in Australian politics in recent years, will use a speech to the Smart Energy Conference on Wednesday to call for “a People Power Plan that will get households out of the fossil fuel trap with home electrification and rooftop solar.”
Spender says her People Power Plan will give families cost-of-living relief now and financial security into the future, taking away a key driver of inflation.
“Home electrification is a massive cost-of-living and climate opportunity,” Spender says. “But there are too many people who are still locked out.
“That’s not fair. Today, I am calling on the government to fund a People Power Plan to lower energy bills at the May Budget.”
According to Spender, there are hundreds of dollars in power bill savings available to those who install rooftop solar and more efficient electrical alternatives.
But to make these savings available to everyone, Spender is calling for additional government support to help the more than half of Australian households who face insurmountable hurdles to electrification.
The People Power Plan is based on three main pillars of government support, including support for households that have been left behind, such as renters and apartment-dwellers, as well as additional support for people in regional and rural Australia.
Spender’s plan also calls for government support for regulatory reform designed to dismantle the bureaucratic barriers currently preventing lower power bills.
Funding the plan would take inspiration from the United States’ Inflation Reduction Act (IRA) which was passed in 2022 and, despite its name, was a multi-billion-dollar clean energy investment package designed to build up a domestic clean energy manufacturing industry, with billions in tax incentives to attract local manufacturing.pender
The People Power Plan would also aim to tax the windfall profits of the gas industry, securing the capital necessary to help close to half a million homes electrify over the next three years.
“It’s vital that the Albanese government act now to expand and share the cost saving benefits of renewable energy,” said Spender.
“The very real pain that households are feeling is being weaponised by political opportunists and fossil fuel advocates who seek to blame renewable energy and delay climate action. Delay will just make the cost-of-living pain so much worse.
