Mr DICK (Oxley) (09:58): To continue my remarks from yesterday, I want to place on the record in the House of
Representatives that we all know that Australia is suffering what I would say is the worst energy crisis since the
mid-1970s, and it's simply not good enough for the government to not have a real energy policy after six years in
government. As much as they would have you believe otherwise, this bill will not end the nation's energy crisis.
The member for Rankin's second reading amendment to this bill, the Treasury Laws Amendment (Prohibiting
Energy Market Misconduct) Bill 2019, which I'm speaking to, highlights just how much of a failure the
government is when it comes to national energy policy, noting that 'the government has proven unable to deliver
sensible national energy policy to support well-functioning electricity markets that will support new clean energy
investment, safeguard energy reliability and security, and deliver a modern and affordable energy system for a
modern Australian economy. That really sums it up: a failure on every facet, in my opinion, when it comes to
a national energy policy.
I want to place on the record today that, since 2015, gas prices have tripled and wholesale power prices across
the national energy market have skyrocketed by 158 per cent, smashing household budgets and jeopardising tens
of thousands of manufacturing jobs.
The lack of policy from the government has been cited by the Finkel review, the Energy Security Board, industry
and Infrastructure Australia as driving up costs. These are the facts. This is not spin. This is not an invention. This
is hard-core data which clearly shows that, under this government, for the last six years we have been paying
more in energy costs than we as a nation have ever paid before. Today before the House we are debating a bill
which is the 16th attempt by the government to get an energy policy.
Out in the real world, out in the community, people are rightly confused. Since 2013, the coalition have failed to
act on climate and energy and, quite frankly, their policy record is one of abject and complete failure, summarised
by rising electricity prices and rising carbon pollution. Since I've sat in the House of Representatives, when we
have debates on energy policy, normally the only response the government have is some concocted imaginings
or some nonsense like, 'We won't be as bad as Labor,' or 'Labor would be worse,' or 'State governments are to
blame.' That's really summing up what the debate is. It's not any arguments or alternative approaches—isn't that
an ironic term at the moment! They don't actually come forward with proper policy to debate this.
We did have that once. There was a glimmer of hope for a little while when we saw the birth of the National
Energy Guarantee. I want to be very clear: whilst it was not perfect, the NEG was a mechanism designed to
ensure reliability of supply and emissions reduction in the electricity sector. The current Treasurer and then
former energy minister, I thought, was sold a pup. He was given orders by the former Prime Minister to go out
and sell this as a policy, and we all know how that movie ended. It was ripped apart. The member for Hughes and
the climate change deniers got their hands on it, went on to Sky News After Dark and ripped it apart. That chorus
came down and said: 'We don't need it. It's not going to happen.' It was all destroyed—a bit like the leadership
of the former member for Wentworth. It was dumped just as quickly as it was born, and that was supposed to
be the answer to all our energy problems.
If I were a member of the government, I'd be embarrassed that, when I go to the community or to schools or
when I got up in front of people, they would ask: 'How are we going to fix energy prices? How are we going to
reduce carbon pollution?' You'd have to say: 'Well, we'll wait and see. We're not sure. We keep coming up with
things, and they keep getting knocked over. Some people like it; some people don't.'
Recent reports show that state governments, in particular the New South Wales Liberal government, are privately
talking to the government to try to work out what to do post-NEG. The Berejiklian government wants Minister
Taylor to just revive the NEG, given pretty much every stakeholder in the energy sector would prefer a transparent
national policy mechanism rather than the government simply picking winners. But media reports say the minister has said no. We still really don't know why the government doesn't come back to the table on real energy policy
like the National Energy Guarantee, which the Prime Minister and Treasurer both said would bring down power
prices by an average of $550. That was according to the government's own modelling. That's not Labor's research;
that's what the government told us. If we had the National Energy Guarantee, power prices would come down
by $550.
I also want to make this point: the NEG has the support of every business organisation and every state and
territory government, Labor and coalition alike, and would have finally delivered the price release that Australia
is desperately in need of. Australia needs real action to bring down energy prices right now, not just more talk.
After all of that, we arrive at the second go of the so-called 'big stick' policy: to scare companies into lowering
power prices. The other thing about this heavy market intervention is—it's amazing when you look at the speakers
list today on this. Where are the free marketeers? Where are the people who champion free economies? Where
are there freedom lovers wanting to defend open markets? It's eerily silent. After listening to all the first speeches
of 'less government, less regulation, less red tape, less green tap' and on it goes, they're suspiciously quiet
when it comes to this dare I say socialist-style, market-driven, Venezuelan, Cuban-style intervention into the
marketplace. It is quite ironic to hear one side of the street talk and then see the other side watching that as it goes
down. I want to be clear: this is not a plan for national energy certainty. It only leads to more chaos and confusion
for industry and consumers. And that's exactly what the Australian Energy Council put forward in their Senate
submission on this bill. They called on the government to alter many 'poorly drafted' parts of the proposed laws,
saying it would otherwise risk more frequent price changes and leave consumers confused and frustrated.
Whilst Labor has played a constructive role, as we do, in cleaning up legislation and ensuring that the
government's own homework is better, we still understand that we have an awfully long way to go when it comes
to dealing with energy security in this country and, in particular, the reduction of carbon pollution.