Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

I cannot give the honourable member confirmation about the exact percentage, but there is no doubt that wholesale electricity prices have considerably increased in very recent times. There is no doubt about that, and the major cause of that has been the increase in the price of gas. The wholesale price of gas has risen dramatically. That has been in large part because of the policy decisions taken by state governments, in particular the state government of Victoria, which has banned the exploration and development of gas.

Mr Hammond interjecting—

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