Next year’s federal budget will include measures targeted at low-income households to improve energy efficiency
Bowen welcomed the Greens’ support and criticised the Coalition for holding out. He shrugged off criticisms from gas companies that the price caps would stifle investment or supply.
Bowen said the legislation had “anti-avoidance” measures designed to restrict companies from gaming the market to seek higher prices elsewhere. The government also had avenues such as the Australian DomesticSupply Mechanism, or the so-called “gas trigger”, to mandate supply if needed, the minister said.
Pocock too will back the government’s energy bill but said it “doesn’t go far enough” and has called for more public money for electrification, solar panels and heat pumps in a transition from fossil fuels.
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