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AAP
AAP
Business
Marion Rae

Record energy spending amid global crisis

Record spending on cleaner, cheaper and more secure energy is a centrepiece of Labor's first budget. (Jono Searle/AAP PHOTOS) (AAP)

Record spending on cleaner, cheaper and more secure energy is a centrepiece of the Labor government's first budget, but there's a warning for the industry.

The powering Australia plan will provide stability to the grid and certainty for investors after a lost decade that has made our energy market more vulnerable, Treasurer Jim Chalmers said on Tuesday.

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