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

I'm asked about the cost of energy in Queensland, and what we know is that in March a decision was made that there would be an increase in wholesale energy prices. What occurred, though, was that there was no transparency there. It came into effect on 1 July. It's not surprising, because one of the problems Australia has got is that we have a national energy grid that was built for the last century, not this century. What we know—and we stand by the modelling that was done by RepuTex; let me explain it—is if you have a cheaper form of energy, which renewables are, than fossil fuel energy at the moment then you'll get lower power prices. That's the way the system works. Business understand that, which is why the Business Council of Australia, the Australian Chamber of Commerce and Industry, the Australian Industry Group, the Clean Energy Council and other business groups—

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