The federal government will provide up to $1.5 billion in electricity bill relief to households and small businesses from next April under a plan to shield the economy from a slated 56 per cent rise in power prices.
Prime Minister Anthony Albanese detailed a four-pronged plan to deal with Australia’s energy crisis on Friday afternoon, following a National Cabinet meeting where state and territory leaders agreed to temporary caps on wholesale coal and gas prices to take the sting out of soaring costs.
