House debates

Monday, 1 August 2022

Questions without Notice

Energy

2:06 pm

Photo of Anthony AlbaneseAnthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source

Those people who said it was after the election were spot on. On 26 May the default market offer was finally published by the Australian Energy Regulator. The new default price that will feed straight into people's power bills came into effect on 1 July. It is the default market price for this government that the former government tried to hide from the Australian people.

What we know is that renewables will lead to cheaper power prices. We stand by our modelling. Those opposite couldn't even be straight with the Australian people about the higher power prices that they locked in.

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