Chris Bowen concedes the federal government's plan to ease household energy prices will not be a silver bullet, but is the biggest lever it has to try to alleviate spiralling costs.
But she said more details were needed as soon as possible to explain how the plan would affect bill increases in different states.
"Australians have already seen bill rises of 20 per cent this year and are understandably anxious about what the future holds," she said. Samantha McCulloch from the Australian Petroleum Production and Exploration Association said the industry acknowledged the problem of high prices on consumers. But she said the current plan had gone the wrong way about it and had dismantled the Australian gas market."It will destroy investor confidence in bringing on new supply and that's the key to bringing down prices."To truly address the high cost of electricity that is hurting households, business and the mining sector, governments must act quickly to increase the supply of gas into the market.
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