Treasurer Jim Chalmers has revealed the government is working on a new plan to try to force down domestic gas prices, but has resisted pressure for new cost-of-living relief in this month’s budget
to try to force down domestic gas prices, but has resisted pressure for new cost-of-living relief in this month’s budget as industry braces for a fresh surge in energy costs that may send some plants to the wall.
in 2023 on day one of the Financial Review Summit based on increases that have already occurred in wholesale electricity and gas prices. Dr Chalmers said he, Ms King, Climate and Energy Minister Chris Bowen and Industry Minster Ed Husic, were working on a plan “to see what else can be done beyond the near-term updating of the heads of agreement that Minister King did with the companies”.
“There are huge shocks, particularly for smaller businesses that are facing very rapid increases in their electricity bills in many countries. And it’s noticeable that the government’s have mobilised huge amounts of money to try and stabilise some of those energy bills.”The managing director of Melbourne-based textiles and fabric company Flickers Australia, Yaron Flicker, described hefty gas and electricity prices rises as as “an absolute disaster”, making it harder to stay in business.
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