As we wind down to the dawn of a new year, it’s worth recapping how Labor has delivered “net zero” on some major energy promises.
At the time of writing, there are still a couple of weeks for PM Anthony Albanese to see out his pledge repeated about 100 times before the 2022 election that power prices would fall by $275 in 2025. Instead, Santa’s Christmas sack contains a message from the Grinch, Treasurer Jim Chalmers, ending federal rebates. At the same time inflation is on the rise and indications are that interest rates are also likely to rise again, delivering another hit to Aussies struggling with mortgages, rising rents, food and fuel prices, all linked back to their energy bills.
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