Zed Seselja (ACT, Liberal Party, Minister for International Development and the Pacific) Share this | Hansard source

We've ensured that major gas exporters offer more gas on the domestic market more often and on more competitive terms, meaning lower prices. We're developing an industry code of conduct to address pricing principles, and all of our collective efforts are delivering results. Even before COVID-19, we saw reductions in the domestic spot price across eastern Australia, and these prices have continued to fall. Wholesale gas prices on the east coast during 2020 were around 40 per cent lower than prices in 2019, and these prices remain low. Lower gas prices are also driving down wholesale electricity prices. Those opposite can't even work out if they support gas. But, thankfully for Australian households and businesses, we are consistent on the issue.