Australian Government Says Energy Bills Will Drop Despite Sharp Price Rises from Retailers

Australian Government Says Energy Bills Will Drop Despite Sharp Price Rises from Retailers
Minister for Climate Change and Energy Chris Bowen speaks to media during a press conference in the Mural Hall at Parliament House in Canberra, Australia, on June 23, 2021. Sam Mooy/Getty Images
Alfred Bui
Updated:

The Australian Labor government has said consumers would see energy bills eventually decrease as its gas and coal price caps take effect. This is despite reports indicating that many households will face steep price hikes in February.

As gas companies and energy experts are speaking up about the negative impact of the $12 (US$8.27) per gigajoule price cap on gas supply, Energy Minister Chris Bowen said the federal government interventions were working in markets that look at future prices.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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