A two-decade high spike in inflation has reignited debate over power prices as the prime minister warns Australia is not immune to international shocks. auspol 7NEWS
Electricity prices went up 3.5 per cent over the year across the country, according to the Australian Bureau of Statistics,Scott Morrison says the gas security mechanism is guaranteeing supply which, in turn, is keeping downward pressure on electricity prices.“Guaranteed supplies from our domestic gas producers to Australia means we’re not facing the international gas prices right now that others are around the world,” he said in Cairns on Thursday.
Morrison says gas prices when Labor was in power doubled, while the Coalition has overseen a 9 per cent drop in prices since he came to power.
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