Labor says the federal government must spend more money on renewable energy, not coal-fired power.
Australia’s consumer watchdog says more needs to be done to bring electricity prices down.
Among its 56 recommendations, the Australian Competition and Consumer Commission is calling on the government to bankroll new energy projects, including coal and gas infrastructure.
Prime Minister Malcolm Turnbull is open to the idea as long as it meets two key objectives: “reliable and cheaper energy”.
Opposition leader Bill Shorten says investment in renewables – not coal – must be the focus.
“You don’t just go down to Kmart and just get a coal-fired power station off the shelf,” says Mr Shorten, arguing that coal is expensive and unsustainable.
Mr Shorten admits he’s yet to read the ACCC’s 400-page report