Greg Hunt (Flinders, Liberal Party, Minister for Industry, Innovation and Science) Share this | Hansard source

I want to thank the member for Grey, whose electorate was badly affected by the recent blackout in South Australia. As the Prime Minister has said, energy is built around the three elements of security, affordability and reducing emissions. In a sense it is like a stool with three legs. Unfortunately, in South Australia at the moment two of those legs are missing. It was Manufacturing Australia yesterday that made that point when they said:

The lack of stability and high power prices in South Australia are threatening both existing and future manufacturing investment in a state already reeling from automotive closures.

In the electorate of Grey alone, we know that the blackout has cost Arrium—at a very difficult time in its history—$30 million. It has cost NearStar $7 million.

Mr Hill interjecting—

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