Julia Gillard (Lalor, Australian Labor Party, Prime Minister) Share this | Hansard source

Number one: on the question of energy generation and the impact of carbon pricing, let me refer him to a report released last month by the Minister for Resources and Energy. It is a report by Deloittes and I think he would find it interesting reading. The report's modelling shows that delaying the introduction of a carbon price will cost Australian electricity users between $1 billion and $2 billion annually, rising to as much as $5 billion a year by 2025. That report is telling you that uncertainty about carbon pricing is causing difficulties with investment in energy generation, and we need to end that uncertainty. As the member knows, being a member in New South Wales, his constituents have seen increases in electricity prices.

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