Australians want faster action on rising electricity prices, with 70% of voters backing government intervention via price caps, triggers limiting exported LNG and a code of conduct that will force producers to keep gas in the domestic market:
In a worrying sign for the Albanese government, a national poll reveals 73 per cent of people hold them responsible for contributing to rising electricity prices – up 12 points since June…
The poll showed the highest levels of support for government intervention were new price caps on electricity and gas prices (74 per cent), limiting the amount of LNG being exported overseas via a trigger (71 per cent) and a code of conduct for gas producers to make more domestic gas available (70 per cent)…
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Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
