Member for Chaffey Tim Whetstone has welcomed the ACCC’s draft determination on SACOME’s joint electricity purchasing application on behalf of many South Australian businesses, including in the Riverland.

Mr Whetstone wrote to the ACCC to support SACOME’s application, which included Riverland based Central Irrigation Trust as part of the proposed buyer group.

“The progress of this application is good news for the consumers involved who have been hit hard by skyrocketing electricity costs and have put up with the least reliable supply,” Mr Whetstone said. 

“The Central Irrigation Trust is a member of the prospective buying group and has seen a staggering increase in electricity costs of more than 80 per cent over the last seven years. 

“Any move to drive down high electricity costs will help businesses to succeed, expand their operations and increase job  opportunities” 

In a letter of support to the ACCC in February, Mr Whetstone wrote: 

“Electricity pricing has been one key factors driving investment interstate. If electricity buyer groups enable prices to be driven down for businesses involved, effects on local investment and jobs growth will flow right throughout the entire economy” 

Mr Whetstone goes on:

“Operating under some of the highest electricity prices in the country, South Australian businesses are under immense pressure to maintain competitiveness in their respective markets with increasingly squeezed profit margins”.

The State Liberals would support other SA companies going down this path in an effort to drive down business electricity costs.

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