Penny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) Share this | Hansard source

Let's talk about the default market offer. The Australia Energy Regulator published the draft DMO for 2023-24. What that showed—and this is what's happening to energy prices—is the DMO will rise up to 22 per cent for households and up to 25.4 per cent for businesses. That is a substantial increase. But what it also showed is without the coal and gas price caps, that you voted against, the price increase would have been 51 per cent and 53 per cent—51 per cent and 53 per cent!