House debates

Monday, 23 October 2017

Questions without Notice

Energy

2:40 pm

Photo of Malcolm TurnbullMalcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

Well, people in New South Wales will certainly not thank the honourable member opposite for his efforts to impose on them the South Australian solution, which of course is to have the most expensive and the least reliable electricity in the country. The reality is that the Labor Party's failures in energy have created the problems we face today. The honourable member opposite, who asked the question, first said to Barrie Cassidy that Labor had no idea that allowing the export of gas from the east coast could result in higher prices and tight supply. He said, 'No warnings'—it came as a bolt out of the blue, apparently. But then, when it became obvious that this ridiculous position could not be sustained—because not only had the warnings come from the Public Service, from the Department of Energy, but they'd come from the Energy Market Operator—he had to then turn around and make a belated confession.

The rise in the price of gas was entirely a consequence of the Labor Party's failure to apply any level of business competence to the management of national energy policy. Despite warnings to the contrary, they allowed gas to be exported from the east coast without any effort to protect the domestic market.

Now we have addressed that challenge. Gas is now flowing. Today, when I was with Senator Seselja and the minister for energy at Viridian Glass today, we heard Rob Sindel, the chief executive of CSR, noting the benefits that are flowing from our action on gas, and noting that wholesale spot prices have been coming down since our actions. That is an example of delivery of real action to deliver a drop in gas prices that of course is going to be important to ensure the viability of so many businesses.

The honourable member makes up figures—what was it? Fifty cents a week or something? He can make up all the figures he likes. The reality is this: he knows that we have a policy recommended by the Energy Security Board—independent; expert—which says that they expect there to be a 20-to-25-per-cent reduction in wholesale costs over the period, and that would be reflected, they estimate, in a $110-to-$115-a-year reduction in electricity bills for retail customers. (Time expired)

Comments

Tibor Majlath
Posted on 24 Oct 2017 3:12 pm (Report this comment)

The PM says that "The rise in the price of gas was entirely a consequence of the Labor Party's failure to apply any level of business competence to the management of national energy policy. Despite warnings to the contrary, they allowed gas to be exported from the east coast without any effort to protect the domestic market."

Why did it take the Coalition four years to address this challenge? Dreadful incompetence.

Mar Anton
Posted on 5 Feb 2018 2:24 pm (Report this comment)

Tibor, I think you need to get out more.

Tibor Majlath
Posted on 9 Feb 2018 6:16 pm (Report this comment)

Why is that Mar?

Instead of personal attacks you could have asked yourself why federal Coalition members were initially against any protection of the domestic gas market even though WA under a Coalition government had the wisdom for putting gas aside for domestic use.

Andrew JACKSON
Posted on 13 Feb 2018 11:45 am (Report this comment)

Tibor

WA is fortunate to have had a government with the fore sight to preserve gas for domestic use.
Queensland ounce had extremely cheap electricity because Bjelke-Petersen mandated that coal be provided to our largest Power Station as a condition of mining.

Why do neither Coalition or ALP insist on Resource preservation for our own needs. In fact only MP's that seem to have advocated this seem to have been KAP's Bob Katter and DLP Senator John Madigan.

Many of national MP's and Senators know that natural resource preservation is the right policy but lack the spine to stand up to the Turnbull neo-liberal Conspiracy when in government.They shout loudly when in opposition but become as effective as Barnaby Joyce is in standing up for family values When they get into government.

Andrew Jackson
apjackson@hotkey.net.au

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