Malcolm Turnbull says Australians can expect their electricity bills drop dramatically over the past four years.

In a press conference to promote the National Energy Guarantee, Mr Turnbull said the policy would take the pressure off the cost of living in 2014. “This is about investing in our future,” he said.

“Hard working Australian families can expect their bills to start coming down before the end of the previous term of government,” he said.

Tony Abbott, has opposed the policy, saying 2014 seems too far away.

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