Honestly, what is the good of this “Labor” bloke? He spent his Xmas writing this:
How do we build this more inclusive and resilient economy, increasingly powered by cleaner and cheaper energy? By strengthening our institutions and our capacity, with a focus on the intersection of prosperity and wellbeing, on evidence, on place and community, on collaboration and cooperation. By reimagining and redesigning markets – seeking value and impact, strengthening safeguards and guardrails in areas of unchecked risk. And with coordination and co-investment – recognising that government, business, philanthropic and investor interests and objectives are increasingly aligned and intertwined.
While energy robber barons to do this:
Gas and electricity bills are tipped to jump by almost a $1000 a year across Victoria.
New analysis commissioned by St Vincent de Paul revealed the average gas bill for Victorians will soar by 45 per cent, equivalent to $675 a year.
Homes in the Gippsland will be hit the worst where the combined energy bills will hit $4095 this year, up $995.
Where’s Chalmer’s prosperity, well-being, fairness, well-structured markets, and social impact as energy cartels and robber barons ravage household budgets with fuels that come out of the ground for next-to-nothing down the road?
There is no sign of this easing. NEM prices are still averaging double those pre-Ukraine War:
Futures show no relief, either:
Global prices, at least, continue to fall:
But should Australians really have to wait years for price relief while the RBA rips up their budgets because government fuel price caps succeed in adding 2% to CPI (1% energy + 1% spillovers)?
Go write another essay, you wanker!
