Food firms revolt over Labor’s energy plan

Our story in The Australian today is a plea to get the energy mix right! Those in the food sector, including independent food distributors, are being significantly impacted by soaring energy prices. This can be attributed to an ideological renewable energy target (82 per cent by 2030), which does not take into account the damage to both business and the community at large. The government needs to recalibrate its target. The balance is skewed, and it’s getting worse. Food distributors paying $30k a month is not uncommon. Indeed, it’s not only independent food distributors but those across Australia’s food supply chain that are impacted. The end result? Increased food prices. The increasing cost of business and the cost of living crisis are one of the same. Control one, and the other benefits. This transition process must be staged, and it must be one that keeps coal and gas in the mix, especially in the short term. This is the only practical, common-sense approach.

Food industry revolts against Labor's energy plan

Australian food distributors have expressed strong opposition to the Albanese government's energy policies, citing soaring electricity costs impacting their operations. The Independent Food Distributors Australia (IFDA) reports energy price increases exceeding 50% since Labor's rise to power, urging a reconsideration of the 82% renewables target and advocating for increased gas and coal production to stabilize prices. Industry leaders warn that the current energy strategy threatens business viability and contributes to rising food costs for consumers.

Read the full article on The Australian