Smash the gas cartel, smash inflation

David Llewellyn-Smith

Thursday 11 January 2024

The summer power shock has arrived. The good news is it is so far very muted. Electricity prices have barely climbed:

Despite nosebleed gas prices:

And weak wind output:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.