Simon Birmingham (SA, Liberal Party, Minister for Trade) Share this | Hansard source

Indeed, that additional energy generation in the South Australian market importantly will not only contribute to reliability but contribute to a greater stabilisation of power prices in South Australia. In fact, one of the proof points in terms of the threats that exist now in Victoria relative to South Australia is that Victorian power prices have now overtaken South Australia's as the most expensive energy in the nation. Our policies are yielding dividends in relation to stability in SA. That's partly a result of our work and partly a result of the work of the South Australian government and the close collaboration between the two of us. We continue to work to pursue other opportunities, such as through the Underwriting New Generation Investments program, which is looking at new reliable generation opportunities in South Australia to provide for peaking capacity that can help to smooth the system as required.