Energy Minister Chris Bowen has accepted the Energy Price Relief Plan will not 'solve all the problems' in the energy market but insisted the Government took 'decisive action' to protect consumers from price rises.
Government was partnering with states and territories to protect households and businessesThe Government’s plan will temporarily cap gas at $12 a gigajoule, coal at $125 a tonne and includes aMr Bowen on Saturday spruiked the Government’s work in negotiating a deal with the states and territories to provide relief for energy consumers across the country.
Stream more on politics with Flash. 25+ news channels in 1 place. New to Flash? Try 1 month free. Offer ends 31 October, 2023 > However, despite the forecast that the plan will save Australian households $230 next year Mr Bowen conceded it would not be a"magic bullet". Electricity prices were expected to increase by 36 per cent in 2023-24 but the Government says its plan will reduce those prices by 13 percentage points resulting in the $230 per year saving.
Opposition Leader Peter Dutton hit out at the Government’s saying Australian families and businesses would “pay the price” of the government’s “broken promise” to ease the cost of living crisis.
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