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

What I do know is that there's some $15 billion of investment going into electricity generation and power generation in this country, including record amounts of investment that are going into renewable energy technologies, and I think that's a good thing. I think that's a very good thing. We have a 26 per cent emissions reduction target which sets out very clearly our plan and our policy, backed in by initiatives which mean that we have the lowest rate of emissions per capita in 28 years. So we're meeting our emissions reduction target. We're actually putting in place the policies—which is already getting results—of the big energy companies, reducing their electricity prices particularly for the most vulnerable customers, and we will continue to support policies that achieve those outcomes. We are doing that through a number of measures which, first of all, ensure a safety net, which is a default price to stop price gouging. We want the price gouging from the big electricity companies to stop. We are putting measure in place, recommended by the ACCC, to achieve just that. We will be introducing, as the energy minister and the Treasurer have outlined, our legislation to make available to the government a big stick to deal with the big energy companies.

See this speech in context