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

Honourable members over there say no, we haven't. Oh yes, we have. Talk to your constituents; they'll tell you about the better deals they're getting. They're getting better deals. And what about all those businesses that depend on gas? They'll tell you that the wholesale price of gas is coming down. Why is that? Because of actions we took; that's why.

What about the biggest single cost in a retail customer's electricity bill? It's the cost of the network—the poles and wires. That's about half the bill. That cost has been going up year in, year out because the energy companies have been able to game the system and rush off to the courts to appeal against the Energy Regulator. Did we ever hear the Labor Party call for that to stop? Never. The only thing we saw when the energy minister did his best to persuade the states to agree to this was steadfast opposition from Labor governments, who did not want to see their own energy assets—in Queensland, for example—being prejudiced. We've delivered that now. Labor kicked this bill off to a committee. I'm glad it emerged and it has now been passed. So, that's what we're doing: bringing downward pressure on electricity prices, based on sound policy, facts and engineering— (Time expired)

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