House debates

Thursday, 25 May 2023

Questions without Notice

Energy

2:01 pm

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

What would she know? A lot of what we have seen in the price increases today have been driven by unreliable coal plants, outages and very high fossil fuel prices so that transition to clean energy is critical to bringing down prices.

What we are seeing is that the contracts that retailers buy for the coming financial year have fallen quite a bit since the intervention in the coal and gas markets in October last year. They are about 40 per cent lower than they were in October last year. That's what Clare Savage, the chair of the Australian Energy Regulator, said.

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