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.

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.