Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

I thank Senator Cormann for the question and for his new-found interest in climate policy. The first point I would make is that it is the case that electricity prices in this nation have been going up. As the senator would know, that has been because of the substantial investments that have been required in our networks as a result of underinvestment by state governments. I make the point that even Mr Macfarlane has previously said, 'Power prices are set to double over the next five to seven years irrespective of who is in government.'