energy market

Treasurer Jim Chalmers is set to deliver the first surplus in over a decade in a stunning budget turnaround that even he admits won’t last.The Queenslander is set to pull off an astonishing fiscal turnaround that will deliver a modest $4…

A “modest budget” that will offer targeted cost-of-living relief but not make a bad situation worse – that’s what Treasurer Jim Chalmers is gearing up to hand down on Tuesday. A year on from taking office, and with inflation still running…

Households will be slugged with higher electricity prices in the coming months as costs jump as much as 30 per cent in some states. The Australian Energy Regulator released its draft default offer – the cap on the maximum price retailers…

Treasurer Jim Chalmers is hopeful the worst of Australia’s inflation crisis is in the rearview mirror ahead of the release of fresh data later this week.But the opposition has slammed the government for “underestimating” the scale of the…

Wholesale electricity prices are forecast to drop “significantly” in the eastern states through 2023. New Treasury analysis reveals that the eastern states can expect a drop in wholesale prices of between 29 and 44 per cent. The largest…

It’s been nothing but bad news for the Aussie budget for years on end – but it turns out things are actually starting to look up.That’s according to leading Australian economist Chris Richardson, who has revealed that 2022 is “on track for…

Industry Minister Ed Husic has taken a swipe at gas companies and accused them of being reluctant to negotiate with governments on a solution to the soaring cost of energy.Federal cabinet is considering a proposal to intervene in the energy…

As the spectre of a potential global recession continues to rise over most of the world, much of which is reeling from one crisis or another, Australia is left to hope that someway, somehow, our little corner of the South Pacific can once…