Grattan Institute energy program director Tony Wood says the gas prices which gas retailers pay on their long-term contracts now reflect the significant increase in wholesale prices we saw last year.
“That was predicted to come – it was included in the stuff that the treasurer has said last year at his budget speech,” Mr Wood told Sky News Australia.
“The deal that the government still hasn’t finished really with the producers, which is terrible, hasn’t yet had an impact on these gas price increases. “So I think they probably were largely unavoidable unless something someone intervenes in very drastic ways.”
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Smaller is best when improving school performance: GrattanShocking underperformance by two in five Australian students can be tackled by the widespread implementation of small, intensive tutoring groups.
Read more »
Jim Chalmers is ‘out of touch’: Daniel WildInstitute of Public Affairs' Daniel Wild says Treasurer Jim Chalmers is “out of touch” and it’s concerning that he has outlined a manifesto based on “more corporatism” of our economy. “It appears that the government is going to double down on these failed policies,” Mr Wild told Sky News host James Morrow. “This is foreboding and concerning for what it suggests will come out of the budget this May. “It risks taking us back to the bad old days of industrial strife.”
Read more »
‘Constitutional recognition’ for Indigenous people has been coming for years: ShortenNDIS and Government Services Minister Bill Shorten says the Indigenous representation and referendum process didn’t just start “yesterday” but has been coming for many years. “This process hasn’t just started yesterday, I remember attending a meeting with Prime Minister Tony Abbott – that’s going back several Prime Ministers – with Indigenous leaders to talk about referendum change, constitutional recognition,” Mr Shorten told Sky News Australia. “The Uluru statement from the Heart is more than five years old, so it’s good Mr Dutton’s attending. “I think this issue’s got to be above politics, it’s about constitutional recognition of our first Australians.”
Read more »
Quibbling over Origin price could trigger a breakupThe company’s profit upgrade should largely help put to bed concerns about the “knockout” bid from Brookfield and EIG failing to hold. But not completely.
Read more »
OZ hit by 60pc power price rise as mine costs surgeBHP will inherit mines and growth projects that are suffering cost inflation if it proceeds with a plan to acquire copper and nickel producer OZ Minerals.
Read more »
Australians to face gas bill price hikeAustralian households are facing higher gas bills from today as retailers pass on price rises. AGL, Energy Australia and Origin Energy will increase prices affecting customers in New South Wales, Queensland, Victoria, South Australia and the ACT. The gas industry has criticised the government for failing to have a plan to fix supply shortages as prices increase.
Read more »