Treasurer Jim Chalmers says the government's intervention in the energy market is providing relief for households, with new figures showing that the forecast for how much electricity prices would rise has fallen.
Dr Chalmers said the latest analysis forecasts electricity charges will increase 23 per cent, which is down from the original 30 per cent in the October budget.
"Our plan is designed to take some of the edge off these energy price rises and we're really encouraged to see that's the case," he told the ABC's Insiders on Sunday.