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

I thank the honourable member for his question. The policies that the Labor Party championed when in government were responsible for making the energy sector both unreliable and extraordinarily expensive, to the point that electricity prices rose over the last decade by 56 per cent over the rate of inflation. It was a decoupling of electricity prices from the consumer price index and it was entirely due to poor policy. It was largely a function of Labor ideology and idiocy that saw that. We're starting to see prices coming down. We're seeing wholesale generation costs coming down substantially. Retail prices are coming down. Emissions from the electricity sector are also coming down. In terms of the National Energy Guarantee, the policy that we took to the party room last week has been improved following consultation—

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