09/10/2008 - 11:22

Ripper defends Western Power break-up

09/10/2008 - 11:22

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State opposition leader Eric Ripper says the state runs the risk of higher electricity prices if Premier Colin Barnett pushes ahead with the re-amalgamation of Verve Energy and Synergy.

Ripper defends Western Power break-up

State opposition leader Eric Ripper says the state runs the risk of higher electricity prices if Premier Colin Barnett pushes ahead with the re-amalgamation of Verve Energy and Synergy.

ABC radio reported that Mr Barnett has flagged legislation to re-unite parts of Western Power, which was broken up by the former Labor government and supported by the Liberal Party.

Mr Barnett was reported as saying that the break up has proven to be a financial catastrophe, costing the state hundreds of millions of dollars.

Mr Ripper rebuffed those claims, saying if legislation were to go ahead, electricity prices would increase.

The debate follows yesterday's submission by Western Power to the Economic Regulation Authority to increase tariffs by 40 per cent next year and 30 per cent each in the following two years.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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