Jim Chalmers (Rankin, Australian Labor Party, Treasurer) Share this | Hansard source

The reason that there has been upward pressure on electricity prices is that the ageing parts of the grid are becoming less and less reliable as they get closer and closer to exiting the grid. That's why it is so dangerously irresponsible of those opposite to abandon net zero in a way that will push power prices up, not down, and will create serious investor uncertainty which will weaken our economy. If they cared about energy prices, they wouldn't be abandoning net zero and they wouldn't be turning their backs on renewable energy.

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