House debates

Wednesday, 26 October 2022

Questions without Notice

Power Prices

2:08 pm

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

That's absolutely extraordinary. Indeed, so bad was it going that the shadow Treasurer changed the law so that the price increase that was built in and should have been declared in March wasn't declared until after the election. That's how bad it was going. During their time in office, we saw four gigawatts of capacity leave the grid and one gig go in. You talk about the old supply/demand a bit in an economics degree—if you go four gigs out and one gig in, do you have more energy or less energy? More or less? Do you think that has an impact— (Time expired)

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