abc.net.au/news/federal-government-facing-unpleasant-choices-on-energy/101580884One of Australia's leading charities is imploring state and federal governments to shield poor and disadvantaged households from spiralling power prices, saying "scattergun" policies risked making the cost-of-living crisis worse.
Federal Treasurer Jim Chalmers revealed in his first budget on Tuesday that the government expected electricity prices to skyrocket 56 per cent in the next two years as turmoil in the wholesale market flowed through to consumers. But rather than calling on the Commonwealth to dole out extra subsidies across the board, he said it was imperative for the federal and state governments to "sing from the same song sheet" to ensure assistance was directed to those who most needed it."We'd be calling on all the energy ministers to work in lock-step and in harmony to get the best outcome for all consumers, rather than go for their own jurisdictional advantage," Mr Dufty said.
At the same time, gas prices have spiked from about $10 a gigajoule, prompting the system operator to institute a cap of $40 a gigajoule at one point.Professor Mountain, the director of the Victoria Energy Policy Centre, said
Power retailers to Aussie power users:
Ahh but renewables will fix that .. just like they have everywhere else they have been tried: they fixd it because people cant affords power and the power goes off regularly .. problem fixed
Can we blame Globalisation for this mess? Is there something wrong with being a self-respecting, stand-alone global citizen?
Electricity should be almost free in Australia, we have an abundance of coal. Blame the climate change lefties for the high power prices.
East Coast. Take your energy back from the gas companies! Force your governments to act.
It's not like this could not be predicted, the whole planet's cost of power has gradually increased over the last decade. Are cost of power increase was slower because we chose a slower transition to renewables. In hindsight a smart decision by the previous govt go figure.
Time set and local gas and coal price that is not linked to OS markets supply local demand first always. Energy operators are paying international prices for coal and gas ridiculously stupid, when they are our resource. Miner making huge profits
Australia being only 1% of global emissions should continue using our own coal to produce low cost, reliable energy. The biggest contribution we could make to reducing global emissions is to scale back on coal exports to significant overpopulated emitters like China and India.
This graph tells you all you need to know.
If only there was a simple way to access cheap Russian gas.
It’s ridiculous how much gas we are sitting on, but we gave away the rights to it all to private companies who are now making massive profits off Australians. You know how you fix it? You tax the sh out of it and then subsidise energy bills.
If only we had gone nuclear in the ‘80s like we should have done. The cost of leftism is extreme poverty.
australia is self sufficient in energy inputs.........what do we do with it
This is a direct result of the ridiculous climate policies. It's supply and demand, shutting down coal fired power stations, and banning new gas exploration results in less energy to go around! The Australian people who can afford it the least always pay! Zero to do with Putin.
What a load of garbage. It’s called the ability of Australia to provide baseload power which has zero to do with Russian oil supply to Europe. How and what provides baseload power? Here’s a hint. We sell a lot of it.
Not for long😂😂😂😂
Voters have themselves to blame. Electing the LNP for 9 years. Now Labor has a huge mess to clean up. Right-wing governments never serve the majority - they serve the rich at the cost of working folk. Don't blame Labor for the mess they inherited.
The future 'Bownouts' will be 'Greenouts'. Good luck folks.
The sun doesn't always shine and the wind doesn't always blow. This will be forever true.
The cost of rising energy prices is down to 9 years of Liberal lies and their do nothing policies on energy, please emphasise that in your bulletins.
abcmelbourne The alternate Treasurer, give me a break.
This is your country on 'renewables'.
Poor government.
Still waiting for the election promise of a $275 reduction in energy costs