Simon Birmingham (SA, Liberal Party, Minister for Education and Training) Share this | Hansard source

We're taking action across every step of the supply chain. In terms of generation, we're taking action to make sure that new dispatchable sources that can bring prices down when it matters, such as pumped hydro, come online in future years. In terms of the networks, which I just spoke about, we have taken action through the abolition of the limited merits review process, delivering, of course, a system that will ensure network operators can no longer game the system. In terms of the retail sphere, we have taken action to guarantee that retailers offer the best deal to consumers and that consumers—around two million households around the country—will be better able to access those best deals around retail opportunities. Also, as the ACCC report highlights, as a coalition government we took the action to abolish the carbon tax, putting real downward movement in electricity prices at the time, as well as making reforms in relation to the Renewable Energy Target to make sure that it was achievable and affordable for the future rather than the exaggerated target that was in place.