House debates

Tuesday, 19 November 2024

Matters of Public Importance

Energy

3:15 pm

Photo of Ted O'BrienTed O'Brien (Fairfax, Liberal Party, Shadow Minister for Climate Change and Energy) Share this | Hansard source

Let me, in my 35 seconds, point out some of the reasons it's five times more expensive. Firstly, there's the hidden cost for transmission lines—$62 billion. The current asset base is $26 billion. They're going to add another $62 billion and they haven't told the Australian people. They have a shadow carbon price. It's worth $70 now. Gillard introduced it at $24. It's going to be over $400 by 2050. This is the secret cost of their plan, and this is why it's going to be a complete disaster under this Albanese government. Tell the truth— (Time expired)

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