Nationals Senator Matt Canavan has warned households could see 'thousands of dollars' extra on their power bills after Australia's energy regulator revealed power prices are set to soar in a few months' time.
Nationals Senator Matt Canavan has slammed the Albanese government's"clearly now-failed path" to bring down power prices. power prices could soar by almost 25 per centSpeaking to Sky News Australia's Andrew Bolt, Mr Canavan warned"prices will go up" if Labor continue to invest in renewable energy.
“The Labor party wants to take us to 80 per cent, so we're only just over a third of the way there. Prices have already gone up by enough to bring up the average bill by about $700 a year. It predicted the price for residential electricity would increase between 19.5 per cent to 23.7 per cent, depending on which state a family is in and the energy provider, while business owners can expect rises from 14.7 per cent to 25.4 per cent.
Climate and Energy Minister Chris Bowen was hours later on Wednesday asked if Labor was still able to meet its $275 cheaper electricity election promise in light of AER's news."Of course, we indicated that that would be there. I'm not about to give up working for lower prices," Mr Bowen said.
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