Chicken Chalmers headless on energy price caps

Advertisement

When in doubt, lie:

Future prices for electricity dropped by about a third after the government announced its energy price caps, in what Treasurer Jim Chalmers says is a sign the market intervention is already taking effect.

But while wholesale contracts for 2023 are already cheaper, one expert warned consumers won’t see a difference in their bills until the middle of the year.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.