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

Because what we're developing is an energy policy, not an industry policy. The objective of our energy policy is to ensure that Australian households get their electricity supply at the lowest possible price and that that supply is reliable and secure.

It's the advice of the Energy Security Board, which we have adopted and announced today, that the energy guarantee will secure those two objectives. It will grow the share of renewables in the mix. It will maintain Australia's commitment to our Paris targets. It will reduce the cost of electricity to households by between $110 and $115 a year, which is more than Dr Finkel's recommendations would have reduced it by. And it will make the supply of power reliable. That is why we have adopted these policies, because that's what the Australian people expect of their government.