Winning compromise there for the taking on energy prices

, he announced that Treasury advice showed that Australians could expect increases in electricity and gas prices of more than 50 and 40 per cent over two years. This became, and has remained, a headline challenge.

In normal times, the market worked to deliver low-cost supply. But these are far from normal times. With the endorsement of Treasury, the government announced it would act, and now they have. Action was never going to be easy. In this tradition, the gas and coal industries of today have argued that the best answer to current high prices is more supply. And they warned that any price controls would bring investment in the sector to a halt just when it’s most needed. They also raised concerns about Australia’s international reputation as a reliable supplier. They refused to see that the alternative was untenable.

Finally, the Queensland and NSW governments recognised the fundamentally bad aspects of their position and dropped their ambit claims for compensation.

you cant always believe everything about the solution

Economics 101. Capped price means fall in production, higher prices for longer, the domestic market will struggle. First big blackout will be by mid-2024. PM, Treasurer & Energy Minister have never held a real job… union organiser, political staffer, MP. Ideology over reality.

tony_r_wood Sale of energy assets comes back like a boomerang and hits us all. Remember how proud GladysB was when Vales Point was sold & the Cobbora coal mine proposal abandoned. It was cheap compared to today's prices No strategic thinking Matt_KeanMP

Albo and Chalmers have once again shown their cowardice Unwilling to do the right thing in the face of any opposition from business lobbies. If only we had real Labor politicians instead of a cabinet full of neo-liberal cucks. They just love to watch business fark the country

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Live: Albanese speaks following meeting of national cabinetNational cabinet discussed strategies to curb expected energy price hikes, with the federal government promising to intervene in the energy market by Christmas. Follow live. It’s so good that Aussies fell for Albo’s lies about power prices and cost of living. Now he can push his renewable agenda really hard to make investors and big business super rich all paid for by skyrocketing prices to ensure the people pay for the rich to get richer. Current renewables are regularly supplying 55%+ of our daily energy needs which is great. So can the AlboMP please explain why this hasn't had the predicted outcome of cheaper electricity prices that you all keep repeating. LilyDAmbrosioMP Bowenchris The root cause is this man who shut down energy piplelines, has printed more money than anyone else in the entire universe, started a proxy war with Russia and blew up the Nordstream gas pipeline. So the question is, what is ALBO going to do about BIDEN?
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Albanese announces 'extraordinary measures' to combat energy woesPrime Minister Anthony Albanese has announced a suite of measures to address rising power bills which were agreed upon at National Cabinet. Ah so you have a plan for a plan hey 🤔🤦🏼‍♀️ Albo has had another one Any mention of Lower Energy Bill means they'll be charging more... 2022..Electricity...An 'essential service' has become a luxury for some...
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Power bill blowout to ease by $230 in Albanese dealThe Commonwealth and states will co-fund $3billion in energy bill assistance in addition to lower costs delivered by price caps on gas and coal. Gold is so expensive and those greedy miners are making money and i dont have enough- we should put a cap on gold Correct me if I am wrong: Maggie Thatcher emphasised States/Governments have no money. Therefore what has been achieved today is the Taxpayer has incurred more debt at the behest of the Governments. pricecap
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