Up to $3 billion in promised power price relief for householders will be rebadged as a cost-of-living centrepiece in the May budget.
will be rebadged as a cost-of-living centrepiece in the May budget, after design complexities and disagreements pushed back the intended rollout date beyond April.
Prime Minister Anthony Albanese said the discounts would be administered by state governments in the form of reduced energy bills to try to avoid exacerbating inflation, of which energy prices were a key driver.The amounts and details of these discounts would vary from state to state, in accordance with their electricity prices, and were to be worked out over the summer by state and territory treasurers and energy ministers.
The efficiency of old electrical appliances will also need to be improved, LEAN contends. It proposes electrifying 1 million houses a year between now and 2030. That will be 10 per cent less again for those eligible for the discounts. Mr Albanese said these would be households that were currently eligible for other forms of Commonwealth assistance, but that is no longer certain across all states.Gas bills – which the budget forecast would jump by 20 per cent this year and 20 per cent next year, for a combined increase of 44 per cent – are now expected to increase by 18 per cent this year and just 4 per cent next year, for a combined jump of 22.
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