Help keep family & friends informed by sharing this articleFederal treasurer Jim Chalmers says the government's energy market intervention is putting downward pressure on electricity prices.Treasury analysis shows forecast electricity price increases have dropped significantly since the market interventionHe also dismissed concerns the economy is at risk of a recession amid rising interest rates.
"Our plan is designed to take some of the edge off these energy price rises, and we're really encouraged to see that's the case," Mr Chalmers told ABC's Insiders program. New Treasury analysis shows big electricity price increases forecast by the energy market for 2023 have dropped significantly since the federal government unveiled its market intervention.
JEChalmers Yet Bunnings is still charging $69/gj for their swapandgo bottles. When will aergovau acccgovau and JEChalmers intervene and save the family bbq.
JEChalmers Jim you should ask the 'energy market' to put the figure it would have been if Labor hadnt fixed the rate... Now that would be fun in the House....
JEChalmers If that doesn’t s the case, why am I limited to how much solar I can get before the rebate is lost? I love in a 300 day a year sun town.
Misinformation
JEChalmers When a mining company gets a $1.2 billion fed govt loan and fails in their legal and financial obligations to rehabilitate rehabilitation in the vicinity of $3-5 billion. One could assume hard working Aust taxpayers will be footing the bill as is case of other mine rehabilitation
JEChalmers Bowenchris ya that intervention is working a treat. Just got notice of a second electricity increase in 6 months, from EnergyAustralia . This one 23%. Please stop lying about cheaper energy.
To reduce global warming we must cease burning fossil fuels, The solution is to build Thorium fueled, Liquid Salt, Nuclear Reactors at every fossil fueled power station (aka LFTR). They provide cheap Base Load power 24/7/365 & do not create Radioactive Waste or CO2
the wholesalers are happy getting their retail margin up
JEChalmers Jim your neoliberalism 2.0 isn't doing stuff all for us. Out of control inflation, nothing for us struggling on welfare RaiseTheRate 88aDay BTPM
It’s not providing relief at all, it has slightly slowed the projected increase in electricity prices.
Lies
Price caps = lower investment = curbed production = supply constraints = higher domestic prices for longer. The global price has plummeted but we’re still paying more. Same ol labor. No idea.
There's been zero relief. Increasing reliance on renewables will only make things worse.
JEChalmers Maybe start with cutting the remuneration,salaries, benefits free booze,lunches, of RBA, incompetent public servants POLiticians in power and retired. Qantas might make some more profit for little gnome of you cease the rorting entitled wankers..
🤣🤣🤣🤣🤣🤣🤣🤣
China reported a current-account surplus of $417.5 billion in U.S. dollar terms in 2022, up 32 percent from the previous year, the State Administration of Foreign Exchange said Friday.
This is some Orwellian 'logic'. The price increases aren't as horrific as were said so that's 'household relief'? Marxists certainly know how to sell their failures as wins.
The voice will pay for everything no need to panic.
chantelle_alkh Huge price swings today in Queensland JEChalmers Even negative prices !!! Result of auctioning
JEChalmers
JEChalmers The look of a Narcissist-no empathy or compassion. His $$$ is guaranteed.. the truth is that Interest rate rises will not help Inflation. More pain for the coming future
JEChalmers What a wacko. Electricity bills increase but Govt intervention working. No wonder the treasurer is out of his depth. Chalmers talks in riddles. The only one believing him is Jim Chalmers. He thinks Australians believe his crap.
What no new tax on power to help stem the costs
Slowing down a price rise is not relief is suspense!!😡💵💵💵
🤣
“Government's energy market intervention is already working to provide household relief”. Angus Taylor says still too high. It was the Coalition government that did nothing to get us to this point. Angus puts his foot into his mouth once again.
Yes, the governments marvelous plan is working as demonstrated by the fall in our electricity bills. Oh hang on ...
JEChalmers working hard at damage control with some help from his mates at the ABCaustralia , bit late for that mate! Australia auspol
We pay for labor's failures each electricity bill or as tax, but we do pay.
This analysis is completely stupid. I’m going to live listening to why $ rebounding. The jolly green giant or man in the moon perhaps? Sorry there will be no heating this winter, ooops.
JEChalmers Using taxpayer money
Has he paid a gas bill lately? auspol
Wow. I guess that's why my gas has gone up by nearly 20%
JEChalmers What he should have done is what WA did back in 2005 & tell gas produces to reserve 15 per cent of their production for the local market, we shouldn’t be paying world prices because greedy producers sell all to the international market & then we are short in supply..
I just setup a new AGL contract. We went from 28c/kw to 32c which is not a particularly dramatic jump. Bit annoyed supply fee went up though, that has no bearing on the wholesale price of energy. I see it as a bit of bad grace to be honest.
Socialism works!! LOL. So look out Aussies, there’ll be lots more. The fact that power suppliers will disappear is irrelevant
Complete bullsh!t. Retail rates will not change until July, no one has decreased rates, Energy Australia just INCREASED its rates, and retailers will almost certainly increase rates in July. This guy’s on another planet.
All he does is talk and talk and talk, does nothing because he doesn’t know what to do , just like his mentor. If he does do something, it will be wrong.
What it hurt him to smile when he says it?
So what is everyone going to spend their ten cents on? Taxes? Fines? Interest rate rises?
They seem to be putting less downward pressure than the upward pressure of all the energy providers.
JEChalmers is speaking to talking points but not real life/people: my 'energy' bills have never gone down only ever up. Labor govt. policies need to benefit all Australians.
While shutting down reliable power production...
Checks out true- due to the coolest summer in 19 years!!
And then there is reality.
We now have Bowen destroying the economy, Chalmers trying to introduce communism and Albanese trying to write apartheid (separation) into our constitution. With the teals and greens cheering them on. A sweeping new Australian WEF socialist experiment is well underway.