/ 16 December 2022

Energy plan switched on for 2023

Image source: Unsplash
Image source: Unsplash

The Federal Parliament has passed the Albanese Government’s energy relief bill – that was expected after the Greens and several independent Senators signalled their support earlier this week. But o recap: a 12-month cap on gas prices and a $1.5 billion relief package for low-income households and businesses are coming. The states and territories will also kick in $1.5 billion. Australian Energy Regulator Clare Savage says the bill “doesn’t mean we will get lower retail prices next year, but … if markets keep trading as they are right now, we should see an increase next year lower than previously expected”. The Coalition didn’t support the rushed attempt to pass the bill, describing it as “reckless”. Happy or not, there was a bit of Christmas spirit before they signed off…

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