The federal government's energy relief bill has passed both houses of Parliament. The legislation includes a $1.5 billion dollar household assistance package and a temporary cap on gas prices.
Key Points
- Labor's policy plan to combat soaring energy prices passed the Senate, after support from the Greens, independent senator David Pocock and crossbencher Tammy Tyrrell.
- It also sets up $1.5 billion in energy bill relief measures for households and small businesses that are expected to cut $230 from power bills next year.
- An assistance package to help low-income households transition from gas to electric appliances was also secured.
The threat of market intervention is already having an impact on suppliers.
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