PM to launch energy price relief plan at National Cabinet

Soaring electricity bills are set to top the agenda at the upcoming National Cabinet meeting.

He plans to meet state premiers and chief ministers the day before to work through the details.

Albanese says the federal government is working with energy providers and the business sector to bring ease power prices.

“These issues are not simple because of the different ownership structures, because of the different sources of energy, because of different powers that exist between the Commonwealth and state and territory governments, because of the interaction of the national energy market,” he said.

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“These are complex issues. We are working them through. We want to make sure that we do make a difference.”

Bills have gone up 20 per cent on average in 2022 and they’re predicted to rise another 30 per cent next year.

That would add around $1300 over two years to an average home’s electricity and gas bills.

The federal government has been aiming at a Christmas deadline to announce an energy relief package but is under pressure to act sooner.