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

Well, as I said to you, Senator Polley, in answer to your initial question, what the government will guarantee is that it relies on the best advice available to it. And that advice is that the adoption of the National Energy Guarantee will reduce the average household electricity price by between $110 and $115 per year.

And that, by the way, Senator Polley, is in addition to the reductions that will be achieved by the other measures the government has taken: for example, by the abolition of the limited merits review, which enabled the electricity companies to game the system; as a result of the Prime Minister's engagement with the gas companies, which ensures that there is a greater supply of gas to the domestic market at a lower price; and as a result of the Prime Minister's engagement with the electricity retailers, which has resulted in moving Australian consumers onto the best electricity plans for their households. (Time expired)