Treasury analysis of ASX data on energy prices shows the market hasn't increased to the sky highs this year as was forecast in 2022 after the federal government's intervention.
The intervention came after a dire prediction in the Albanese government's first budget in October revealed energy prices could rise by 30 per cent this year."It will take some time for the benefits to fully flow through, but there are encouraging signs that our action is starting to work," he said earlier in the week.
"Unfortunately there is a supply issue and demand and supply are principles you can't run away from," he said."Whilst in the short term we might get relief, in the long term we'll pay a lot more."It comes as inflation, a key impact on energy prices, continues to rise to 7.8 per cent as the Reserve Bank of Australia hikes interest rates to slow it.
Oh dear. That means those who use little will have to pay more. But will that be enough to stop the blackouts? You can’t have low prices and unlimited supply… that’s basic economics!
I have yet to see any relief for people without children. Have I missed it?
Rubbish - still as high as ever. It’s sanctioned fraud
The MSM won’t mention that price drops are due to coal mines coming back online after flooding events? Surely not? They’ll help auspol spin it their way.
Absolute rubbish. This is another LABOR LIE
Crap...
Yes, and the moon COULD be made out of cheese.
You will be hit double as hard soon.
So it needs to come down 74% for to us to get the $275 a year Which was promised
Fact many of us have to pay an extra 1-300 for things like our fridge running is pretty shoddy if you ask me Nobody should have to pay more than 200 every two weeks for power as if you analyse the wattage, we all actually use a lot less power than we think
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