The Australian Financial Review’s Political Editor Phillip Coorey says the government’s solution to the energy crisis “won’t make your power bill low” but instead “will just stop it from going up as much as it otherwise would have”.
“Because of the caps on gas and coal your power bill would have gone up by 63 per cent over this year and next,” he told Sky News Australia.
“That’s now going to go up by 47 per cent this year and next, which is about $230 a household.
“And that will go down further when they work out over the summer how much discount you’ll get on your bill if you’re a low or middle income household.”