Lower the gas price cap

Albo’s idiots are butchering energy again.

The local gas spot price remains glued to Albo’s $12Gj price cap:

As a result, summer stresses on the grid use more gas:

And the price of power soars:

If Albo’s idiots lower the cap to $8Gj (even better would be an export levy above $8Gj) they will flood the economy with disinflation permanently.

Instead, they use bill subsidies, which lower inflation temporarily, but pass through to the gas export cartel as subsidised higher profits.

It is a $^%!@#* outrageous rort.

Thankfully, power futures have been falling. So we should still see big AER bill cuts:

Fair dinkum, Albo, grow a pair.