The Prime Minister told New South Wales and Queensland on Tuesday about a proposal to introduce its own caps rather than the Commonwealth, The Australian reports.
Mr Albanese is believed to be confident of brokering a deal on coal and gas before December 25 but households are not expected to feel relief until the middle of 2023. "Price caps always just lead to shortages. And a shortage in the electricity market, there's a word for that, it is called a blackout.
National Cabinet was set to meet on Wednesday to discuss energy prices and caps but that has been delayed till Friday after Mr Albanese tested positive to COVID-19.
Unconstitutional and communism
😂 it will not make a bit of difference to energy prices, Albo and Labor have no idea what they are doing !
Typical socialism. It never going to end up well.
Dictatorship does not work Mr Albanese !
If that’s the plan Darryl Kerrigan would tell him ‘he’s dreaming’ 🤔
Albo the Road Scholar
AlboMP need another vax I dare ya.
Couldn't even demand getting your toast buttered. No one cares AlboMP
Same as the last PM AlboMP get the States to do the heavy lifting, this is Federal Labours issue and you don't have a plan!! Like with the rising costs of living - NO PLAN!! One term PM and Government!!
This whole price caps seems like such a bad idea. I mean why wouldn’t you just price cap electricity directly and compensate the electricity retailers? That would meet his objective, and be simple, but when you say it, you implicitly know what a bad idea that is!
Australia simply does what its told by USA/WEF To think Australia is exempt or different than other countries is Naive. Govts now RULE people instead of working FOR the people. Australia govt must do what pleases its puppeteers
ALBO it is coming unstuck
Sorry guys, my government only cares about collecting money and spending where it produces the most publicity. Cost of living is not on the radar. Don't bring it up again.
Idiotic. It’s economics 101. Cap the price, force down supply, when cap lifts prices higher for longer. Labor has no idea.
Is this why he cancelled talks on Tuesday, is he really that sick. He does not have answers for energy and mortgages. Can't be that unwell sitting on a deck eating food. Not bed ridden ! Gutless comes to mind now.
Out of his depth. Predictably. Hopeless isn’t even close
Before the election ! He had a plan to fix EVERYTHING ! Now after the election the only plan AlboMP has is stamping his feet. Australia deserves better then this and the last Turkey we are having to endure systematically doing nothing but BS talk !
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