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

Well, at May 2019, the average wholesale price was $84.25. In May 2022, it was $286.18, so an increase—higher—of $201.93. So, instead of their commitment that they went to the election on, during the last term, of a 25 per cent reduction, it was a 240 per cent increase on their watch.

When you go into the detail about supply, you get to: 'underwriting investment in new reliable power generation and improved competition, including Battery of the Nation'. Well, Battery of the Nation was signed off last week by me and the energy minister. They had a policy that they said would decrease it by 25 per cent; it went up by 240 per cent—

See this speech in context