Angus Taylor (Hume, Liberal Party, Minister for Energy and Emissions Reduction) Share this | Hansard source

This is about electricity prices, which you doubled when you were in government. The member for Lindsay asked me an excellent question about electricity prices, and as the Bureau of Statistics has told us, in the last two quarters—

Opposition members interjecting—

they're going down. If you don't like the Bureau of Statistics you need to say it, but that's what it's telling us. That's on the back of the DMO and the reference price—important initiatives recommended by the ACCC and being implemented by this government. As we look at wholesale prices, as we go forward, they are coming down over the next couple of years to just above $70 a megawatt hour. That's a 30 per cent reduction on where we currently sit. Crucial to this is more supply and reliability in the market. We have an investment boom going on in energy right now and it's nearly all intermittent. In fact, if you look at the investment in clean energy, renewable energy, in Australia it is double—

Opposition members interjecting—

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