George Brandis (Queensland, Liberal Party, Attorney-General) Share this | Hansard source

Yes, there are, Senator Reynolds, I am sorry to say. Although the policies of the Turnbull government are demonstrably effective and at a tiny fraction of the cost of the carbon tax, Mr Bill Shorten has announced yet another plan for higher electricity prices. Labor's own modelling, which it released when it was in government, shows that its 45 per cent target would deliver around a $600 billion hit to the Australian economy, Australian income per person would fall by $4,900, with a carbon tax of $209 per tonne. Wholesale electricity prices would be 78 per cent higher in 2030 under Mr Bill Shorten's plan. Let me say that again: wholesale electricity prices would go up by 78 per cent under Mr Bill Shorten's plan.