Jim Chalmers, handed down his first budget as Federal Treasurerthis week. Some claim he hasn’t done enough, others assert given current global economic challenges, he’s delivered a responsible budget. One of the more disturbing announcements is the sharp rise in energy prices. Chalmers flagged an aggressive regulatory crackdown in the energy markets, revealinghouseholds will be whacked with a 56% increase in power bills, leaving Labor’spre-election promise to cut electricity bills by $275 now a memory.
Household’s to be slugged with a 56% rise in energy prices as Labor’s promised cuts to electricity costs now a distant memory
