Labor continues to lie about power prices

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Recall Labor’s Powering Australia Plan, which promised to reduce NEM wholesale electricity costs by $11 per MWh, from $62 to $51, by 2025.

Labor power price cuts

Prime Minister Anthony Albanese hailed this modelling by RepuTex Energy as “the most comprehensive modelling ever done for any policy by any ­opposition in Australia’s history since Federation”.

Albanese also repeatedly spruiked that Labor would lower electricity prices by $275 by 2025 (i.e., now):

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.