Business
Labor’s Australian-made plan to seize initiative in energy wars – Sydney Morning Herald
Consumers and workers are the strategic focus of Labor’s $20 billion Rewiring the Nation plan to upgrade the energy network.
Under the current system upgrades are proposed and funded by private network operators, which recoup construction costs through network charges on consumers’ energy bills.
Opposition energy and climate change spokesman Mark Butler said the policy would produce “lower power bills for Australians” under the Rewiring the Nation fund, which would provide lower interest rates than private loans, and set project tenders that mandate local labour and steel.
The policy would also provide planning flex…
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