Ted O'Brien (Fairfax, Liberal Party, Shadow Minister for Climate Change and Energy) Share this | Hansard source

In the last term of government alone, household prices went down by eight per cent, business prices down by 10 per cent, industry prices down by 12 per cent. Under this government, prices are going up. We've already spoken about how much they're going up. The draft DMO was announced last week. These are retail prices that are going to be going up from 1 July this year: in New South Wales households, there'll be an increase of $564; in South Australia, it's $485 up; in South-East Queensland, it's $383 up; in regional Queensland, it's $430 up; in Victoria it's $426 up.

We're talking about a decade—a decade in which the Coalition was able to get the balance right. We reduced emissions, kept the economy strong and kept prices down. Labor had a decade of dithering, a decade to put a policy together. And what do they do? They put a policy together, the core promise of which is a reduction in household power bills by $275. Has that promise been delivered or broken? It has been broken, and every single Labor MP is guilty. Last Christmas people were told they would receive relief from this government flowing in April. We've since heard they're not going to get that relief in April at all. This government is breaking promises in the midst of a cost-of-living crisis, and there is no greater promise they have broken than that of the $275 reduction in household power bills.

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