Mr TED O'BRIEN (Fairfax) (15:21): In December last year—it was the Friday after the last sitting day—the now Prime Minister and his now Minister for Climate Change and Energy had all the theatrics set in place, and they made this extraordinary announcement to the Australian people of their climate change policy if they were to win government. That climate change policy consisted not of one but of two targets. One target was a 43 per cent reduction in emissions. The other target was a $275 reduction in power bills. Two numbers: 43 and 275. In this sitting, the first sitting of the parliament, the government had the opportunity to put its policy into a bill. Both these numbers did not appeared. Forty-three and 275—guess which of these wasn't in there? Was it the 43 or the 275? An opposition member: I think we know. Mr TED O'BRIEN: I think we do know. The 275 was gone. This represents the first broken promise of the Albanese Labor government. This is the first promise, and they didn't waste their time. They made sure they broke their first promise in their first sitting of parliament, a promise that goes to the heart of every living room across Australia. Every single household is copping higher power bills. Every single household knows very well that they have a new government in town that went to the people making a promise of cutting power bills, and every time they open up their power bills from now on, they will be reminded that this Albanese Labor government made them a promise that their power bills would go down and not up. This is a broken promise. What I find extraordinary is that, despite having broken a promise to the Australian people so blatantly, despite having the Prime Minister and the minister in this place over the last two weeks confirming they have abandoned this promise to the Australian people, the Australian Labor Party's official website still claims they will deliver on that promise. Still to this day today, the Australian Labor Party are untruthfully claiming to the Australian public and to Australian businesses that they will cut their power bills. You can look it up right now. That's what the Labor Party promises, still to this day, but the Prime Minister and the minister have refused in this place, in this chamber, to confirm that's what they're going to do. But we know they're going to abandon that promise. When they made the promise in the first place—and we've heard it from the Prime Minister already in this sitting—it was the most comprehensive economic modelling apparently ever done by any opposition. That's their claim. The $275 was based on the most comprehensive economic modelling ever done in the history, since Australian Federation, of any opposition. They are already walking away from it. Ms Ley: What else is going to go up? Mr TED O'BRIEN: That is exactly the question. I tell you what's going to go up: prices of a whole bunch of products and services throughout this country, especially energy-intensive companies and the products they deliver. Think of the steelworkers, those who make steel, across this country and their jobs in the foundries. Think of those who run bakeries. Think of the butchers. Think of the hairdressers. Their power bills are going up. Those opposite might laugh about those trades, but I don't laugh about those trades because they built this nation. Their power bills are going up, and the Labor Party find it funny. Do you know what's interesting, Deputy Speaker? The Labor Party's official website is still promoting the $275 reduction in power prices, but guess what website includes the Powering Australia policy, which is Labor's document, but excludes the $275? Mrs Marino: Which one? Mr TED O'BRIEN: The minister's own department's website—they know. I don't know if they've told the minister, but they know the truth. This government, although it was elected with the promise of delivering a cut in power prices, has abandoned it, and the minister's own department knows it. That's why you do not find that $275 promise on the department's website, but the Labor Party's fine with still promoting it. That's the game they play. That's what they do. Can we go back to the most comprehensive economic modelling ever done since Federation? I almost said 'muddling'. It would have been an interesting pun. The $275 in the spreadsheet that was done for the modelling—listen, Labor guys, who are trying to ignore it because it's really important for you to know this, colleagues—drives an assumption of 306,000 jobs. For those on the Labor benches, who do not know their own policy: in addition to making other promises, they had promised 604,000 new jobs as a result of their climate change policy. Of those, 306,000 jobs—in other words, well over half of the jobs that they have promised through their climate change policy—are predicated on the cheap power prices that they have now abandoned. So they've abandoned the power prices, and they've cut, by over half, the number of jobs they claimed that that would deliver. This is despite the Prime Minister standing here in this sitting period, saying, 'Oh, we stand by the modelling.' The Prime Minister stands by the modelling, but can he confirm that he will deliver on the promise of a $275 cut in power prices? He can't answer it. He abandoned the promise. He abandoned the promise of power prices, and he is abandoning the promise of jobs. They go hand in hand, based on the very modelling that the Labor Party claims is the most comprehensive in the history of our nation. One of the reasons that prices are skyrocketing at the moment, and they have been since this government was elected, is the lack of gas being poured into the Australian market. As soon as the minister was appointed to his role, we in the opposition, in the coalition, were very clear in saying: 'Power prices are going up. You need more gas in the system. Please, minister, call an emergency meeting of gas CEOs. Get them around the table and put pressure on them. If need be, threaten to use the gas trigger, otherwise known as the ADGSM.' Guess what he did: absolutely nothing. Instead of calling a meeting with gas CEOs, do you know who he wanted to meet with? Other politicians around the country. A great, big, fat lot of good that did, didn't it—a whole bunch of politicians coming in a room, from states and territories, umming and ah-ing. Guess what tangible activity came out of that: nothing, not one thing. It took two months until, only days ago, the ACCC tabled a report that said, 'Guess what: you need to pour more gas into the market.' Two months it took until the new resources minister said: 'You know what? Maybe we should start threatening to use that gas trigger after all.' It took two months of absolute inaction. This is why the Australian people, unfortunately, can have no confidence that the Labor government will deliver on its $275 promise, because its inaction in the domestic market will make it absolutely impossible. This is the first broken promise of the Albanese Labor government.