Treasurer Jim Chalmers addressed the Queensland Media Club on Tuesday, where he was asked about Labor’s promise before the last election to cut household electricity bills by $275 by 2025. Chalmers admitted that it would not be met.
“The number that you’re referring to, which we all used on a number of occasions, was a forecast in 2021 about an outcome in 2025”, he said, before blaming energy market volatility for Labor not fulfilling the $275 promise.
He said the government’s energy rebates had helped to cushion some of the impact of high power prices, while he claimed that power prices would be higher under the Coalition’s nuclear energy plan.
