Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

By providing industry certainty we will be able to attract more investment. More investment means more supply and lower prices. There won't be any cross-subsidies for any energy source, distorting the market and creating inefficiencies paid for by electricity consumers. It keeps coal going, which the Greens will be pleased to hear!—by far the most affordable energy source and, of course, our second-highest national export income earner. It reduces supply and price volatility, with fewer price spikes. It will help reduce prices overall. The National Energy Guarantee is a simpler and more commonsense system that is genuinely technology and resource neutral. All electricity generation options that support reliability and emissions reductions are on the table under our approach. This is not, of course, the case with the renewable energy target or clean energy target.