Energy minister defends price cap, says it's having an impact on reducing energy prices

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Energy minister defends price cap, says it's having an impact on reducing energy prices
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Energy Minister Chris Bowen defends the government's energy relief plan, issuing new figures that show a drop in forecast wholesale electricity prices for 2023.

abc.net.au/news/chris-bowen-defends-energy-price-plan/101879500Energy Minister Chris Bowen has defended the government's energy relief plan, issuing new figures that show a drop in forecast wholesale electricity prices for 2023.

"Today, figures released show that that intervention, while we still have some way to go, we still have more work to do, is having an impact," he said. It showed Queensland retailers paid 44 per cent less per megawatt hour to lock in future electricity supplies on December 21, compared to November 30.

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