Labor unveils plan to cut power prices. SIMPLER pricing and capped power price deals will cut $165 from the annual bill

LABOR has unveiled its own plan to push down power prices as the coalition party room remains at loggerheads over energy policy.

Simpler pricing and capped power price deals will cut $165 from the annual bill of more than a million households, with small businesses to save $1500 per year, Labor claims.

“The Turnbull government’s internal civil war about energy only guarantees higher power prices for families and businesses,” Labor leader Bill Shorten said on Sunday.

“The Liberals have had five years and the only thing they’ve delivered is higher energy prices.”

The opposition’s plan will protect customers from price gouging by introducing a new regulated capped offer to the market.

Labor will work with the states to implement a key recommendation of the…

Source: Labor unveils plan to cut power prices