Protecting Corporate Mates, Not Consumers

Why is the Albanese Labor government making it easier for their corporate mates with every piece of legislation?

This Bill – the Competition and Consumer Amendment (Australian Energy Regulator Separation) Bill 2025 – is another step toward letting powerful corporations, including foreign multinationals, continue to gouge Australians. By removing the regulator from the ACCC’s oversight, Labor is effectively hiding the energy market from competition and consumer protections.

This isn’t a market; it’s a bureaucratic racket designed to transfer wealth from hardworking Australians to parasitic billionaires under the cover of the “Net Zero” scam.

Worst of all, regulators will no longer be required to disclose their personal financial interests. This is a green light for cronyism.

We know over 80% of Australians are paying too much for electricity, yet Labor protects the profits of their wind and solar mates over the welfare of Australian families.

I will always put everyday Australians before corporations and will continue to fight for lower power bills for every Australian.

Acknowledgements

I acknowledge the over 300 community groups across Australia fighting the rollout of industrial-sized wind and solar projects — the so-called “renewable” energy projects. The only thing renewable about them is that they have to be replaced every 15 years.

Among the many Australians standing up across our country, I recognise:

• Katy McCallum, Steven Nowakowski (what a man!), Grant Piper, and Emma Bowman.
• Bill Stinson, Sandra Burke, Steven Tripp, Andrew Weidemann, and Katherine Meyers.

These people are for Australia, for the regions, and for every citizen.

I also recognise a list of true champions for Australia: Colin Boyce, Llew O’Brien, Ben Abbott, Alex O’Brien, Michaela Humble, Michelle Hunt, Lynette LaBlack, and Rafe Champion.

Finally, my thanks to:

• Neil Kilion, Sasha McNaughton, Caroline Emms, Nikki Kelly, Alex Nichol, Martine Shepherd, and Scott Baxter.
• The Bob Brown Foundation (thank you, Bob!), the IPA, Rainforest Reserves, and the Centre for Independent Studies.
• Ben Beattie and Aidan Morrison, two giants of the energy sector.

Transcript

Why is the Albanese Labor government making it easier for their corporate mates with every piece of legislation? This bill before us, the Competition and Consumer Amendment (Australian Energy Regulator Separation) Bill 2025, will likely pass without a whimper. You won’t hear much about it from either side of politics. Yet it’s another step towards a handful of powerful corporations, including foreign-owned multinationals, continuing to gouge Australians at every turn. This legislation separates the Australian Energy Regulator to establish them as fully independent and separate. The Energy Regulator currently lives in the Australian Competition and Consumer Commission’s house, the ACCC. The ACCC supplies staffing and resources to the Energy Regulator to help it discharge its functions. While the bill frames the ACCC’s oversight as a problem, having the competition regulator ultimately responsible for energy market oversight is a very good thing. 

Ending energy market oversight is terrible. The energy market so-called ‘market’ is one of the most prescriptive and rigid areas of bureaucratic government. It’s not a market; it’s a racket—a bureaucratic racket. The risk for corruption and monopolisation is extreme. The Australian Energy Market Operator, AEMO, operates our entire electricity grid. It sounds like a government agency, yet somehow it’s a private body. No-one’s allowed to lodge a freedom of information request with them. They don’t turn up to parliamentary hearings for Senate estimates. They hide from scrutiny. That’s the key word for net zero with this government and the previous Liberal-National government—’hide’; hide the cost, hide the lack of policy basis, hide the damage, hide the lack of a plan. 

Now look at the AEMO board. Employees of for-profit energy and transmission companies dominate the AEMO board. We’re supposed to just trust they’re effectively prescribing rules and directing billions of dollars in taxpayer money purely for the public good, not for energy company profits—bloody ridiculous, absolutely ridiculous. This is setting up government as a vehicle for wealth transfer from us, the people, to parasites—parasites not working in Australia’s national interest, hurting Australia and hurting Australians. 

With this bill, the government is taking the Energy Regulator out of the competition regulator. The ACCC’s role in energy markets is in the context of the Competition and Consumer Act 2010, which aims to—listen to this—’enhance the welfare of Australians through the promotion of competition and fair trading and provision of consumer protections’. That’s a great goal. Why would we want to make the Energy Regulator more independent of that and put it beyond scrutiny and put it in hiding? If we’re trying to figure out if that’s a good thing to do, the first question to ask should be this: are there any competition problems in the energy market? If the answer is yes, maybe the competition regulator should have final oversight, like it does right now. 

So let’s look at the ACCC’s work on the electricity market. The first shot across the bow was the ACCC’s 2017 preliminary report eight years ago. In that report, the ACCC said: 

The ACCC has published a preliminary report into the electricity market highlighting significant concerns about the operation of the National Electricity Market, which is leading to serious problems with affordability for consumers and businesses. 

What? That’s what they said eight years ago. The ACCC thought prices were ‘putting Australian businesses and consumers under unacceptable pressure’. Since then, prices have become much, much worse. One can only wonder why. Market participants harp on about pulling the Energy Regulator out of the competition regulator while the ACCC highlights ‘significant concerns’ about how energy corporations are actually acting, behaving.  

Another headline from the ACCC, in December 2024 in the Financial Review, said, ‘More than 80 per cent of Aussies paying too much for their electricity.’ There was another story in May this year, ‘”Super complaint” filed with ACCC over misleading energy plans’. I’ll quote it: ‘CHOICE’—that’s CHOICE magazine, the consumer group—’has sent its first-ever super complaint to the Australian Competition and Consumer Commission, the ACCC, over allegations that retailers in the Australian energy market have engaged in dodgy and misleading pricing tactics that leave customers paying $65 million more than they should.’ 

So, returning to our overall question, are there any competition issues in the energy market? Should the competition regulator be involved in monitoring every aspect of those issues? The answer to both is a resounding yes. 

The ACCC will wrap up its ongoing reports into the electricity market in August. After that, there’s a real risk that competition in the electricity market will continue to deteriorate and deteriorate and deteriorate even further. What will that mean? It will mean higher prices and poorer service for Australians. Less competition means bigger profits for Labor’s big corporate mates in the energy sector, who are often foreign owned multinationals or parasitic billionaires. That’s what this bill represents—wealth transferred to the wealthy; a step towards higher profits for multinational corporations who want to gouge Australians even more under the cover of the renewables scam. 

Indeed, under the new Australian Energy Regulator, workers will no longer be required to make disclosures of their personal interests, as everyone in the ACCC is obliged to. This is as good as a green light for everyone with a conflict of interest to get involved in the new Energy Regulator—and you, the government, are doing this. The risk of corruption, cronyism and favouritism will be so big it will make the director of the National Anti-Corruption Commission blush. The Albanese Labor government has long signalled its intention to put the profits of its corporate wind and solar mates above and beyond competition—and above Australian workers and above Australian families and above Australian small businesses and employers and above Australia. 

Why doesn’t today’s Labor realise that its official, registered name is the a-l-p—Australian Labor Party? It seems to have forgotten and ditched Australia. Why do they continue to ditch Australia? And there’s no ‘u’ in Labor, because the l-a-b-o-r party does not represent you. 

Upon coming to government in 2022, Labor almost immediately transferred the energy regulator part of the Competition and Consumer Act out of Treasury and away from the Assistant Minister for Competition, Charities and Treasury to the Minister for Climate Change and Energy, Minister Bowen. Can you believe that? It happened—the fox guarding the henhouse; the fox destroying the energy sector and making it a racket for Labor’s private mates to gouge Australians. If there’s a battle between lower prices and profits for wind and solar, everyone in this chamber knows where Minister Chris Bowen’s loyalties lie. Can Australia trust that Minister Bowen will choose competition and lower prices over net zero and the profits of parasitic renewables grifter-billionaires? Absolutely not. Based on his behaviour to date, every day of the week Minister Bowen will choose the profits of these renewables scammers over Australians and over Australia. 

The net zero dream is that you’ll pay $8,000 for a home battery and $60,000 for an electric vehicle and the grid will pay you nothing to drain it overnight to stabilise their dodgy market, their racket. That’s called ‘consumer energy resources’ and ‘virtual power plants’. Without them, the net zero pipedream just collapses. 

Competition doesn’t even come into consideration. This corrupted state control and abuse of consumer rights is a built-in feature of the net zero scam from the Liberal-Nationals and the Labor-Greens—citizens directly paying 70 per cent of the cost of the transition to net zero. You pay; they control and they use. In other areas, some people reliably estimate taxpayers and electricity consumers are paying 100 per cent of the $1.9 trillion transition to the UN-World Economic Forum net zero. The ACCC would have a heart attack at the anticompetitive proposals being rushed into the energy racket. That’s the real reason this bill seeks to take the Australian Energy Regulator out of the Australian Competition and Consumer Commission. Australians’ power bills will continue to go up, as will the profits of foreign multinational companies involved in the net zero scam. That’s where your money is going. One Nation believes consumers should come before corporations. Ditch the net zero scam and its anticompetitive nonsense—its racket. What proportion of solar and wind complexes do Labor mates and industry super funds own, I wonder? We know it started pretty high with Greg Combet as minister. Labor, stop looking after your mates who own the industrial wind and solar complexes and stop handing over to them billions from taxpayers and electricity consumers. Put Australians first and lower power bills. 

I now add two brief comments. Firstly, when states owned electricity generators, energy benefited from a key constitutional tenet that our founding fathers wisely built into our Commonwealth Constitution—competitive federalism, a marketplace in governance between the states. A marketplace in governance is vital for accountability, vital for states’ rights and vital for Australian sovereignty and independence. John Howard’s Liberal-National government destroyed this when it created the so-called national electricity market, which is really a central bureaucratic energy racket, destroying accountability and now lining it up for fleecing Australians to foreign multinationals. 

Secondly, I acknowledge over 300 community groups across Australia fighting the rollout of industrial sized wind and solar projects, so-called renewable energy projects. The only thing renewable about them is that they have to be replaced every 15 years. Among many Australians across our country, I recognise Katy McCallum, Steven Nowakowski—what a man!—Grant Piper, Emma Bowman, Bill Stinson, Sandra Burke, Steven Tripp, Andrew Weidemann and Katherine Meyers. These people are for Australia and for the regions and for every Australian. I also recognise Colin Boyce, Llew O’Brien, Ben Abbott, Alex O’Brien, Michaela Humble, Michelle Hunt, Lynette LaBlack and Rafe Champion. This is a list of champions for Australia. I also recognise Neil Kilion, Sasha McNaughton, Caroline Emms, Nikki Kelly, Alex Nichol, Martine Shepherd, Scott Baxter, the Bob Brown Foundation—thank you, Bob!—the IPA, Rainforest Reserves, the Centre for Independent Studies, and Ben Beattie and Aidan Morrison, two giants of the energy sector. 

I recognise every person involved in exposing the horrific damage from industrial solar panels and industrial wind turbines, from the growing spaghetti network of high-voltage transmission lines carpeting regional Australia, from the big battery energy storage systems and from hideous, uneconomic, exploitative, environmentally damaging pumped hydro, destroying the fabric of our nation, white-anting the five pillars of our Australian community, our society: productive farmland, the source of our food; rural landscapes; wildlife habitats, our precious natural environment being torn apart by solar and wind and transmission lines; our communities; and our Australian way of life. 

To everyone involved, I say thank you. From Lakeland on Cape York to Chalumbin in North Queensland to Central Queensland, Wide Bay and Burnett, southern Queensland, New South Wales Central West, northern New South Wales, southern New South Wales, coastal New South Wales, across Victoria, Tasmania’s Robbins Island and so many more across our wide, beautiful regional Australia, I continue my admiration and continue to pledge my support for your honesty and integrity, your courage, your embracing of accurate data and your informed commitment to putting Australia and Australians first. Thank you very much. We support you as you continue your battle.