Josh Frydenberg (Kooyong, Liberal Party, Minister for the Environment and Energy) Share this | Hansard source

I can confirm for the House that the Energy Security Board, which is made up of the Australian Energy Regulator, the Australian Energy Market Operator and the Australian Energy Commission, has written to the government and outlined that on the basis of its analysis prices will fall for an average household by $100 to $115 per annum between 2020 and 2030.

I'm asked this by the member of Port Adelaide. We think he's a fan of the clean energy target, but we know that the clean energy target's reduction in power bills would not be as good as the advice from the Energy Security Board, this new appointment. The Energy Security Board is a very important board. Guess who said when these positions were appointed that they were 'excellent appointments'? Who said that? It was the member for Port Adelaide. Who said that a clean energy target was the second best option? Who said that? It was the member for Port Adelaide. But this is the piece de resistance. Who said that the government is not listening to the energy expert? It was the member for Port Adelaide. Who else said about renewables that they will be able to stand on their own two feet and compete in the market without subsidy from government? That was again the member for Port Adelaide.

So the question to the Leader of the Opposition, who turns his back because he doesn't like to hear the truth, is: why have the Labor Party signed up to a $66 billion subsidy if they believe that renewables are the most cost-effective supply of new generation? Why have the Labor Party signed up to $66 billion if they believe that the clean energy target is the second best option? Hypocrisy by name, hypocrisy by nature—this is the modern Labor Party.

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