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Tasmanian Business Reporter November 2017

This month, Editor Tom O’Meara runs us through the competitive advantages of the new Tasmania First Policy, with the measure promising to give Tasmania the lowest regulated power prices in the country by 2022. You’ll also find an exclusive column by St.LukesHealth CEO, Paul Lupo, on significant changes to improve private health insurance affordability, as well as a world-first free, state-wide health program for Tasmanian employees.

Tasmanian Business Reporter November

NOVEMBER 2017 T A S M A N I A’ S L E A D I N G B U S I N E S S P U B L I C A T I O N . C I R C U L A T I O N 1 2 , 0 0 0 M O N T H LY Policy offers energy advantage Musselroe Bay wind farm in the state’s North East and, inset, Energy Minister Guy Barnett. Powering towards the future By TOM O’MEARA TASMANIA will have the lowest regulated power prices in the country within five years as the government flicks the switch on a new Tasmania First Policy. New Energy Minister Guy Barnett has bitten the bullet and announced the new measure to ensure power costs for business and consumers is kept under control. The announcement comes on the back of earlier decisions resulting in a five per cent cap on power prices for consumers, a $20 million fund to rebate small and medium business and return some $20 million in Hydro profits to pensioners. Overall the value of the Tasmanian Market Intervention in caps and rebates is more than $120 million. The Tasmania First Policy aims to make energy a competitive advantage for the state – the Government wants the low-cost, secure supply of energy in Tasmania, to not just be a hallmark, but a reason for business to feel confident and to expand, Mr Barnett said. “We are also looking to business to relocate to Tasmania and tap into the potential that a Tasmania First Energy policy will unlock,” Mr Barnett said. “Tasmania First means two things – cheaper power and secure power. “The best thing we can do to bolster energy security is make sure we have enough in our dams as we have today. “Secondly, we are supporting more generation in Tasmania. Wind farms at Cattle Hill and Continued Page 2