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

That statement is simply incorrect. The prices that are reflected in the way Australians experience their bills are not to do with the spot price. They are an average price from all of the prices that are experienced within the National Electricity Market. The truth is that renewables remain the cheapest form of new generation. We've got a lot of work to do. These guys managed the electricity system—or mismanaged it—for over a decade. There were 22 policies. Four gigawatts of dispatchable generation left the grid; only one came on. That actually causes a problem that requires resolution. When we left office, prices were very, very high. There was no plan at all, and our government is working through the necessary steps to put in place the generation to secure Australia's interests into the future.