Power prices in COVID response
The Treasurer says measures to reduce power prices will be among the federal COVID-19 economic recovery plans.
Treasurer Josh Frydenberg has listed energy policy among planned reforms the Coalition will pursue to encourage economic recovery.
He says there is a lot of work to do, despite the fact that Australia has enjoyed “10 consecutive months of wholesale [electricity] price reductions”.
“When it comes to energy, we’re looking at every aspect of the value chain, whether it’s through generation with what we’re doing on gas, whether it’s through transmission with the second interconnector with Tasmania, whether it’s with Snowy 2.0 or the default market offering price,” he told the ABC.