Senator CHISHOLM (Queensland—Assistant Minister for Education, Assistant Minister for Regional Development and Deputy Manager of Government Business in the Senate) (16:01): I seek leave to make a short statement. The DEPUTY PRESIDENT: Leave is granted for one minute. Senator CHISHOLM: Residents and businesses in the ACT have benefited from the ACT government's responsible and forward-thinking investments in renewable energy. The ACT's Independent Competition and Regulatory Commission has confirmed a decline of 2.7 per cent in real terms from 1 July 2023 for regulated tariffs. It's important to note the decline in real prices is not inclusive of the Albanese government's energy bill relief of $175 for households and $325 for small business—another targeted cost-of-living measure wilfully opposed by those opposite. Those prudent decisions by the ACT Labor government have shielded both residents and businesses in the ACT from price volatility that has marred the National Electricity Market following a decade of energy policy failures under the previous coalition government.