Labor energy idiocy resumes

Thursday, 27 July 2023

This is what we are dealing with today. Recall that second-round energy shock MB desperately tried to bring to the attention of the national media a few months ago as the gas cartel rorted while negotiating its new rules?

Today it finally made the headlines after a press release:

Households and businesses face extended power price pain into next year after the energy market operator revealed the cost of generating electricity rose 31 per cent in the three months to June.

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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.