Zhi Soon (Banks, Australian Labor Party) Share this | Link to this | Hansard source

People in my electorate of Banks remain concerned by the cost of living, and understandably so, but, last week, households in my electorate got some very good news. The Australian Energy Regulator published the latest draft Default Market Offer, which shows electricity will be getting cheaper from 1 July this year in my home state of New South Wales. This will be welcome relief for households and businesses in my state, as well as for Victorians, South Australians and the people of South-East Queensland.

This is all down to more renewable energy and batteries powering the grid, like the 10-megawatt Padstow community battery that is powering homes in my electorate of Banks and giving residents access to cheaper electricity plans. The reductions in this DMO will save households in my electorate hundreds of dollars per year, which is why, unlike the Leader of the Opposition when he was energy minister, we are not changing the rules to hide this Default Market Offer from the Australian people. This draft DMO is positive proof that the government's agenda is working, with more renewables, more cheaper home batteries and a more secure energy grid for communities like mine in Banks.