Energy providers targeted as cost of living spirals

In the federal government's ongoing quest to bring down electricity and gas prices, energy providers are now being targeted.

"This is Australian gas under Australian soil and Australians should pay a fair price for that, but they shouldn't be paying a wartime price," he said. "We need to go to the structural issue which is supply and that's the problem they're going to have and that's why energy prices are going to continue to be high unless they tackle the supply issue," he said.

The longer term shift to wind, solar, hydro and battery power is plagued by the problem of reliability with dispatchable renewables still to be developed and ageing power stations preparing to close."Its plan to decarbonise the Australian economy is leading to a decapitating of the Australian economy," O'Brien said.The deal brokered at national cabinet on Friday promises to take about $200 off power bills, but the figure will vary by state.

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