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Treasurer Jim Chalmers has revealed that the federal government’s energy bill subsidies will not be extended next year.
The $75 a quarter reduction for all households, which began in mid-2023 but was twice extended to alleviate cost-of-living pressures, will expire in December as scheduled.
The bill subsidies have cost taxpayers almost $7 billion.
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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.