National Cabinet has agreed to take urgent steps to shield Australians from the worst of the energy price spikes we’re seeing.
Australia’s energy market is under pressure like never before.
Russia’s illegal invasion of Ukraine is pushing prices to historic levels across the world.
And almost a decade of inaction on energy by the former government has made the situation even worse here at home.
Extraordinary times call for extraordinary measures.
That’s why today the Albanese government agreed with the states and territories on an Energy Price Relief Plan.
This plan is responsible, targeted and temporary.
And it’ll give real relief to households and businesses in this unprecedented situation.