Scott Morrison (Cook, Liberal Party, Treasurer) Share this | Hansard source

when they're getting a discount, they're getting a fair dinkum discount. On top of that, by putting in the big stick for the energy companies, by putting the ACCC, the cop on the beat, back to work to ensure that they are doing the right thing, they will be monitoring their prices again. That issuance will be going out today. That means that, if they fall foul of that, the government, once we put those powers in place, will have everything from infringement fines all the way to divestiture if the big companies do not do the right thing. By backing in investment and by guaranteeing the back end of the finance so those projects can come online, we will see that additional energy put into the market.

The Labor Party have a very different view about all this. They want to shut power stations down; they want to put power prices up; they want to put unnecessary subsidies into the market, which will only force consumers to pay more; they've got a renewable energy target the shadow Treasurer doesn't even understand, let alone how much it's going to cost; and, on top of that, they have an emissions reduction target that has only one destination, and it isn't Paris; it's higher prices—it's higher prices for every single family. Under Labor, you will pay more for your electricity and you'll pay more in taxes. You'll just keep paying more and more and more under Labor.

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