Nick Sherry (Tasmania, Australian Labor Party, Minister Assisting the Minister for Tourism) Share this | Hansard source

The government recognises the importance of competitive and sustainable energy markets. We are therefore of the view that the private sector is best placed to make investment decisions around new power generation investments, not the government. That is why we have established a national energy market that is recognised by the International Energy Agency as one of the most efficient markets in the world. As I have mentioned, the former Howard government provided some $100 million for the low-emissions technology development. This government has continued oversight of that particular proposal, subject to meeting the various conditions.

The National Energy Market is highly competitive. It is delivering efficient outcomes to consumers, particularly in Victoria. In terms of supporting new technologies the government provides assistance through comparative merit programs, which ensure— (Time expired)