Senate debates

Tuesday, 14 August 2018

Questions without Notice

Energy

2:21 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

I did actually address that in my first answer. It's very simple free-market economics. I know that, in the world of the Greens and the Labor Party, you don't quite understand the basic principles of free-market economics. If you increase the level of investment to increase the supply of a product that is in high demand, you will bring prices down compared to what the prices would otherwise be. Of course, there are measures in our package that go to making sure that, through energy efficiency measures taken by governments over the years, demand is as efficient as possible. But, by the same token, if you increase investment to increase generation and increase supply, you bring down prices. That is as certain as Monday following on from Sunday. You might want to argue against the fact that Monday follows on from Sunday—feel free.

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