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

As I was saying, we have had four consecutive quarters of electricity price reductions in the CPI—a 3½ per cent reduction. In the last three months, we've also seen a 35 per cent reduction, compared to the same period last year, in wholesale electricity prices in the National Electricity Market, with Queensland, 30 per cent; South Australia, 50 per cent; Victoria, 38 per cent; Tasmania, 42 per cent; and Queensland, four per cent—to an average of 35 per cent. We will work with the energy companies to make sure this is passed through to electricity consumers, because the big stick legislation ensures that the substantial and sustained savings and reductions in costs must be passed through to consumers. And we are achieving all of this while we meet and beat our Kyoto and Paris targets.

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