Reap what you sow

It has been a few weeks since the Australian government rushed through its energy market intervention bill. How’s it working out? As one might expect: “Major energy retailers across the country have been forced to stop taking on new gas customers while others ramp up their prices, as they struggle under the government-imposed 12-month price cap.

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Is this a crime?

It certainly sounds like criminal activity perpetrated against the Australian taxpayer. From The Australian: “Annastacia Palaszczuk says the federal and state governments knew taxpayers could be slugged up to $450m to compensate mining giant Rio Tinto when the national energy plan was rushed through parliament this month.

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Why nations fail

The Australian government’s energy market intervention bill will be rammed through both houses of Parliament today with the support of the Greens and independent David Pocock. Less than a week old, the whole process has been rushed to the extent that the competition watchdog, the ACCC, failed to define what it meant by “new gas field”, and Treasury officials struggled to answer questions.

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Not the optimal way to go

I’ve been trying to find a positive take on the government’s energy solution – something that isn’t just a hollow talking point about the ‘national interest’ or ‘profiteering’, such as this from “the world’s biggest nerd”, Minister for Industry Ed Husic:

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Spending our way out of inflation

On Friday afternoon, the Australian government announced its much-anticipated solution to the energy crisis – subsidies and price caps. According to Prime Minister Anthony Albanese: “I’m pleased to announce that there was agreement at the national cabinet on a way forward to provide the energy price relief for households and for businesses.

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