A not-for-profit, publicly owned, renewable-energy-focused energy retailer, would creating more investment in renewables and forcing coal companies to reduce their profits to remain competitive in the market.
Friends of the Earth are campaigning on this issue as part of the build up to the VIC election and are demanding an urgent transition to 100% clean, fair and affordable energy.
Currently, Victoria’s energy system fails the community and the climate. It allows for massive profits for polluting coal companies, while households face a confusing array of bad deals and overpriced energy. The true cost of coal is obscured by the energy market, indirect Government subsidies and a confusing retail system that fuels climate change and serves consumers poorly.