Climate Change and Energy Minister Chris Bowen says energy prices would have been much higher without the intervention of the Albanese government last year working with state governments.
“These interventions last year were absolutely vital as the regulator, herself, has made clear this morning,” Mr Bowen said during a media conference on Wednesday.
“In the absence of intervention, these sorts of increases would have had potentially a five in front of it, not a two in front of it. “These increases of 50 per cent that the government was looking at last year would have crippled many businesses and been a crushing blow to Australian families.
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