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

Senator Gallacher, I also heard Dr Pierce's interview, and that's not what he said either, and I noted you weren't quoting him in direct speech. You may take it that Dr Pierce's view is the view that he expressed in his advice to the government, which is the figure contained in the National Energy Guarantee policy document released by the Prime Minister yesterday, and that is that the best estimate of those experts—the people best placed to know the operation of the Australian energy market and the people best acquainted with its operation—is that electricity price reductions for the average household as a result of the government's National Energy Guarantee will be in the range of $110 to $115 per year. That is their advice to the government, and it is that advice, that expert advice, on which the government has acted.