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

The Chair of the Energy Security Board has accurately described the advice that she has given, which is that a consequence of having a level playing field—combining climate and energy policy and getting rid of the subsidies—is likely to result in a 20 to 25 per cent reduction in wholesale prices. I quote from the board's letter: 'Wholesale prices are expected to decline by 20 to 25 per cent per annum over the same period.' The pathetic thing about the opposition in this field today is that they have called repeatedly for us to take the advice of experts. Alan Finkel recommended the Energy Security Board be established and COAG, including state Labor governments, appointed the members of the Energy Security Board. The member for Port Adelaide was gushing in his praise of the independent chairman and the deputy chairman.

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