Labor is attacking Coalition modelling that shows how it's gas reservation policy would reduce power prices. The modelling shows household gas bills could fall by seven percent and electricity bills drop by around three percent. Shadow Minister for Climate Change and Energy, Ted O'Brien, says his party is the only one that has properly costed its energy policy platform.
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00:00We are the only party which has an economic plan when it comes to energy.
00:08Labor used to have a plan, by the way, and you might recall they had promised, as part
00:13of that plan, a $275 reduction in household power bills.
00:16Instead, power bills have gone up by $1,300.
00:20If you look at the default market offer, which comes out each year, what you see is increases
00:26since Labor came to office of well over $1,000, and they promised you a reduction of $275.
00:35So what you have, including here, I'm in Sydney today, you have people in Western Sydney paying
00:41$1,300 more than what Labor had promised them.
00:45That's the fact.
00:47We are going to the only party that has done modelling, and the modelling that has been
00:50now released goes to our gas policy.
00:53And what it says is big industrial users will see a 15% reduction in the cost of gas.
01:02Now, that means when you go to the shop and you buy, you know, a bottle of milk, a loaf
01:06of bread, a jar of jam, the packaging for all of those products, costs come down, it eventually
01:12flows through to consumers.
01:14You buy some bricks, you buy a house with steel, costs come down.
01:18Now, when you look at what Peter Dutton has already done on the $0.25 reduction per litre
01:24on petrol, and then you look at what we're trying to do with gas, this all comes down to driving
01:29costs down.