Prime Minister Anthony Albanese has signalled additional cost of living relief as the global energy crisis hits Australia, with some households in NSW warned that their power bills will rise by as much as 95 per cent.
On Friday, Mr Albanese ruled out adopting a UK-style tax on the profits of oil and gas companies to provide relief for households but acknowledged that energy prices were adding to cost of living pressures.
Jacob Greber was The Australian Financial Review’s senior political correspondent. Connect with Jacob on Twitter. Email Jacob at jgreber@afr.com
Gus McCubbing is a markets reporter in the Melbourne newsroom. He was previously the Australian Financial Review’s Victorian political correspondent. Connect with Gus on Twitter. Email Gus at gus.mccubbing@afr.com
