Power bill debts soar as states brawl over coal, gas price caps

Customers with a debt of more than $2500 for more than 24 months had risen by an alarming 39 per cent under the strain of higher bills, the figures showed, while half of all customers in financial hardship programs were failing to meet ongoing energy usage costs, amassing even more debt.

“Some customers have already faced double-digit price rises of up to 20 per cent for electricity and 15 per cent for gas in this current financial year,” she said.“Many of the debt and hardship metrics and indicators presented in our report may worsen over time because of the impact of rising wholesale gas and electricity costs in 2022.”

“Just as we brought state and territory governments together to take urgent action to keep the lights on in our first month in office … I’m confident we will be able to reach agreement on a plan that delivers for every part of Australia,” Albanese said at an Australian Chamber of Commerce and Industry event on Wednesday night.“I fully appreciate that rising energy costs are putting significant pressure on your businesses, as well as family budgets around Australia.

The manufacturing industry, which depends on gas for energy and as a raw material, has been advocating for the government to set a $10-a-gigajoule cap on wholesale gas prices, presently trading at more than $20 in Australia’s south-east.

NickToscano1 micksfoley I call BS. Electricity bill yes. Gas no… autumn and winter quarters same as last year. Gas is on forward contracts so there should be no change until contracts are renegotiated.

NickToscano1 micksfoley Climate Change Cost

NickToscano1 micksfoley 🤡🤡🤡

NickToscano1 micksfoley Perfect storm of cartel behaviour, gouging and capture of the political class by petrochemical multinationals.

NickToscano1 micksfoley the government dont want to upset the big end of town until they get a better spin doctor

NickToscano1 micksfoley To reduce the price of coal and gas requires investment, and no company will invest because the risk of government intervention is just too high. The true cost of renewables.

NickToscano1 micksfoley Stop the lies .

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