House debates

Thursday, 22 June 2017

Bills

Export Finance and Insurance Corporation Amendment (Support for Commonwealth Entities) Bill 2016; Second Reading

1:08 pm

Photo of Pat ConroyPat Conroy (Shortland, Australian Labor Party) Share this | Hansard source

ARENA, a government agency, estimates that you add $20 for adequate storage—$20 a megawatt for storage. So new wind power with adequate storage, according to the government's own figures, is $75 a megawatt hour. That is half the cost of new coal-fired power. Yet again it shows that the member for Hughes occupies a parallel dimension and needs to come back to reality if he is going to be part of a serious economic debate in this country.

In summary: let's get on with the job of reforming Efic so that we can support Australian businesses.

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