No energy bounce for Turnbull

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At least not so far, via The Guardian:

With detail about the scheme still scarce, most people are still on the fence, with nearly half (47%) unable to give an opinion. Thirty-five per cent approved of the plan and 18% disapproved.

…Voters were more attentive to the lack of ongoing subsidies for renewable energy, with 41% disapproving of the government’s decision to end subsidies once the renewable energy target peaks in 2020, and 32% approving.

They are also highly sceptical about claims the national energy guarantee will lower power bills… Only 16% think the plan will reduce power prices, while 31% think the plan will increase prices and 31% think it will make no difference.

Voters were also asked about who they trusted more in handling Australia’s energy policy challenges, with more than half the sample thinking there is no difference between the political parties or not having strong views about who is more competent.

Despite a number of high-profile interventions on energy over recent months by the Turnbull government, including interventions on gas supply and with energy retailers – Labor was more trusted to reduce carbon emissions, invest in renewables, stand up to the power companies and develop a modern power grid.

There was no significant difference in preference for either party on reducing power prices or ensuring a reliable power supply.

The latest poll has Labor retaining its election-winning lead over the Coalition, with the opposition ahead of the Coalition on the two-party-preferred measure, 52% to 48%, which is the same result as last week.

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.
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