Power shock drives Turnbull back up Kosciuszko

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Do-nothing Malcolm is on the move to higher airs:

The nation’s electricity industry chiefs will be hauled in by Malcolm Turnbull for the second time in three weeks following an audit that revealed more than a million households are still paying the highest price rates ­imposed by energy retailers.

With the government seeking to regain the political initiative this week by switching the focus back to a key cost-of-living issue, the Prime Minister will ramp up pressure on the eight biggest electricity retailers to ensure all households are offered access to cheaper pricing deals.

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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.