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Labor’s Powering Australia Plan, taken to the 2022 federal election, claimed that it would cut NEM wholesale power rates by $11 per MWh (from $62 to $51) by 2025.
Prime Minister Anthony Albanese praised RepuTex Energy’s analysis as “the most comprehensive modelling ever done for any policy by any opposition in Australia’s history since Federation”.
Albanese also regularly claimed that Labor would reduce electricity rates by $275 by 2025 (i.e., last year):
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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.
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