Jenny McAllister (NSW, Australian Labor Party, Minister for Emergency Management) Share this | Hansard source

What I can inform the senator is that, under Labor, prices will certainly be lower than anything that could be delivered by anyone on that side of the chamber. Because we need only look at the record of all of you in government to understand the approach that you took to the energy market. During your period of government, four gigawatts of dispatchable generation left the grid and only one gigawatt came on. Power station after power station announced their closure dates, and what steps were taken to replace the capacity that was exiting the grid? Zero. We will remember the Underwriting New Generation Investments initiative proudly propagated by Minister Taylor. How many gigawatts were delivered by the underwriting new generation initiative? Absolutely none. Our government is taking the necessary steps to restore stability to the national electricity market and deliver the reliable renewables that Australians require.