Energy minister defends federal government's plan to relieve impact of rising power prices

But she said more details were needed as soon as possible to explain how the plan would affect bill increases in different states.

"Australians have already seen bill rises of 20 per cent this year and are understandably anxious about what the future holds," she said. Samantha McCulloch from the Australian Petroleum Production and Exploration Association said the industry acknowledged the problem of high prices on consumers. But she said the current plan had gone the wrong way about it and had dismantled the Australian gas market."It will destroy investor confidence in bringing on new supply and that's the key to bringing down prices."To truly address the high cost of electricity that is hurting households, business and the mining sector, governments must act quickly to increase the supply of gas into the market.

The best way to close down the domestic coal and gas industry is to increase the business risk of investment. pricecaps job done. EnergyCrisis

It will destroy investor confidence ? I think investor confidence has well and truly f33cked the market for consumers.

Idiot

Apparently the political left are NOW of the belief that the energy companies, which until now they have called “greedy”, will pass on all cost benefits to consumers. When did this about face in belief occur? Absolute gaslighting!

Say it again privatise the profit socialise the loss. My gas bill went up by $500 .... we have all the gas and coal and sun yet we all pay huge bills WHY WHY is this so?

Gas dealprivatise the profit socialise the loss. Absolutely ridiculous that we allow gas exploration to be dominated my deals between govts that don't serve our needs. So much needs to be done to fix this mess!!! The labor govt needs to get its strategy right !!

Lots of bots out there today! 😂

it won't lower power prices. this is being caused by the massive investment needed to install renewables and Bowen knows it. Labor prefers to lie to the public but they will be caught out soon.

Please resign.

Price controls are an act of desperation

It’s so good that Bowen is going so hard on renewables to ensure investors, big business, unions and politicians make an absolute fortune. This will push power prices sky high so we get rich of making the people poorer. Excellent work Chris. 👍👍💰💰💰

And where are the wires you have so tirelessly talked about?

Blame Russia meanwhile Russians pay a fraction of what we pay for electricity. They could easily legislate a policy where the small portion needed for Australian electricity generation is free. But they wouldn’t be able to bleat about “renewables” being cheaper if they did that

He's Minister for Blackouts isn't he...😏

End the self-harming sanctions on Russia and ditch the war on coal.

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