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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.
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.