. “No approach is straightforward or without negative consequences, so governments should carefully weigh their options when deciding whether or not to intervene in the market.”There are a few ways domestic supply might be increased. As recently as last week Queensland Premier Annastacia Palaszczuk suggested Victoria and NSW might like to subsidise a new pipeline from her gas-rich state to the south.
Europe has already embarked on such a program, but it does not expect it will help its energy-starved citizens cope with the coming winter. Efficiency measures make sense; they also take time.Another option that has been discussed is raising taxes on producers and using the revenue to subsidise energy users.
All the signals so far suggest that the federal government hopes to see this solution as central to any package that might be arrived at by the next national cabinet meeting. And even if an agreement were reached on both caps and compensation, it is not yet clear that such a package would significantly reduce household bills next year.“For the past six months the outlook for 2023 electricity prices has been somewhere between extremely awful and horrifyingly awful,” he says.
Source: Energy Industry News (energyindustrynews.net)
albanese is swanning around this country has lighting us and the Australian Greens are the enabler
The irony in Qld is that because of high commodity prices for coal we have a state govt energy rebate of $175. With rooftop solar this has put our bill positive for the last quarter. No urgency here!!
They will never delivery a price cut. Well not one that will be $275 lower than when he took office. They'll have towed $725 before he lowers them, and he'll still champion himself as a hero 🤦
Maybe.. allowing cheap affordable coal and gas might be an idea Supply/Demand basics 🤷♂️🤔
Lets say we have Covid to delay, saw how they did this in America and it works
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FinancialReview - 🏆 2. / 90 Read more »
Source: GuardianAus - 🏆 1. / 98 Read more »
Anthony Albanese tests positive for COVID-19 againPrime Minister Anthony Albanese has tested positive for COVID-19 for a second time. 9News As much as I don't like you AlboMP , get well Waiting for the Anti Vax dumb club to join If only he had his 5th jab! I'm sure that would have stopped the transmission 😂😂
Source: 9NewsAUS - 🏆 10. / 72 Read more »
Source: 7NewsAustralia - 🏆 11. / 71 Read more »
Source: SBSNews - 🏆 3. / 89 Read more »
Source: SkyNewsAust - 🏆 7. / 78 Read more »