Australia can’t subsidise its way out of energy Armageddon

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I reported on Tuesday on how the Albanese government will end its energy bill subsidies at the end of the year.

The bill subsidies have cost taxpayers almost $7 billion since their introduction following the start of the war in Ukraine.

Electricity prices in the CPI

With the energy bill subsidies removed, Australian voters will bear the true cost of Labor’s gas policy failures and ‘net zero’ madness.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.