Australia’s parliament passed a new law Thursday capping its domestic gas price and some states’ coal prices, a move the government said would protect consumers from the “wartime whims” of the world. The move comes as tens of millions of Australians grapple with a surge in utility bills this year, despite the country being one of the world’s top coal and natural gas producers.
Strain on consumers As with many other countries, energy prices in Australia have spiked this year. In a report last month, the Australian Competition and Consumer Commission said the typical residential customer was already paying about 300 Australian dollars more a year for electricity than in 2021, an increase of 23%. “There are signs this will increase further,” it added.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
They prefer shortages to high prices.
Great move, one for 10DowningStreet to look at, should be in place already
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong scraps some restrictions for travelers, ends contact tracing | CNN BusinessHong Kong on Tuesday announced it would scrap some remaining restrictions on travelers and end contact tracing, after Beijing shifted away from its hardline zero-Covid stance. やっと監禁から解放されたね(´ᗜ`)ﾆｺﾆｺ China needs to be kind to its own people. This way, the Chinese will be more loyal to the government. It's not a bad thing. Good job China!
Source: CNN - 🏆 4. / 95 Read more »
What to expect from this week's Fed meeting | CNN BusinessThe Federal Reserve is expected to raise interest rates by half a point at the conclusion of its two-day policy meeting on Wednesday, an indication that the central bank is pulling back on its aggressive stance as signs begin to emerge that inflation may be easing.
Source: CNN - 🏆 4. / 95 Read more »
FTX founder 'orchestrated years-long fraud,' SEC says | CNN BusinessThe Securities and Exchange Commission charged Sam Bankman-Fried on Tuesday with defrauding investors and customers in his failed crypto exchange FTX. ah the fan boy of leftist woke corrupt media catching up with his fate. His name is a synonym for ‘burning American bankers’ Can lawyers please post there contact info?
Source: cnni - 🏆 326. / 59 Read more »