

Shadow Treasurer
Shadow Minister for Energy and Mining; Small and Family Business; Industrial Relations and Public Sector
Office
Parliament House
North Terrace, Adelaide SA 5000
Contact
(08) 8237 9520
benhood.office@parliament.sa.gov.au
Authorised by B. Hood, Parliament House, North Terrace, Adelaide SA 5000
What is FERM and what’s it really going to cost you?
There’s a new charge on your power bill. It started on 1 July; it’s called FERM, and most South Australians have never heard of it, which is exactly how the SA Government likes it.
Put simply, the Government is underwriting a handful of big battery projects, and you’re paying for it through the transmission charges on your bill.
The contracts have a floor and a ceiling. In a good year it costs us around $20 million, the number the Government likes to quote. When the batteries fall short, we top them up, all the way to around $75 million a year. Only one of those numbers makes it into their press releases.
And you start paying now, for batteries that don’t switch on until 2028 around the same time as the government will close Torrens Island B, assuming everything runs on time.
Every other state got a power price cut this year. We’re the only one where bills went up, and the energy regulator pointed to this very scheme as a reason.
The least this Government can do is be straight about what people are actually paying.
Have a listen to me on 891 yesterday 🎧 ... See MoreSee Less
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“You’ve got to keep all these things in perspective.”
That’s what the Treasurer says about $1.3 BILLION in departmental budget blowouts this financial year alone.
Here’s our perspective: $1.3 billion is not pocket change, and South Australians won’t be told otherwise.
Today, we introduced a bill to Parliament demanding greater accountability and transparency on every taxpayer dollar this government spends. ... See MoreSee Less
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State debt heading to $53.7bn and on top of the big build, Labor’s spending $340 million on consultants and contractors. That includes $53,000 for “cultural advice” on a hydrogen plan that fell over.
It’s like having a maxed-out credit card and then hiring someone to do the dishes. That’s Labor’s South Australia.
You can either have a small government that leans on consultants or a big one that doesn’t. Right now, we have both.
Mums and dads are tightening their belts. The Treasurer should too. ... See MoreSee Less
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Yesterday the State Budget was handed down. The eye-watering headlines:
🚨 $53.7 billion of debt by 2030
🚨 $6 billion blowout on departmental budgets
🚨 $6 billion of extra revenue taken from you
🚨 $8.5 million for First Nation treaty and reparations not ruled out
🚨 $135 million Business Growth Fund scrapped
🚨 $600 million less for regional SA
🚨 No plan to pay down debt
This is what Labor has passed on for the next generation to inherit.
Visit SADebtAlarm.au ... See MoreSee Less
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