House debates

Wednesday, 17 August 2011

Bills

Australian Energy Market Amendment (National Energy Retail Law) Bill 2011; Second Reading

5:02 pm

Photo of Martin FergusonMartin Ferguson (Batman, Australian Labor Party, Minister for Resources and Energy) Share this | Hansard source

Madam Deputy Speaker, I ask the honourable member: does he accept the statements by the member for Groom reported in the Australian on 20 and 21 August last year, when he stated that power prices in Australia are likely to double in the next five to seven years regardless of who is in government? Does he also accept that in making those statements the member for Groom indicated that he recognised that, irrespective of who is in government, those electricity prices would occur because they are a result of requirements for investment across Australia to ensure that electricity supply reliability and security continue to meet community reliability standards—that is, relating to maintaining the existing distribution network?

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