Is Labor’s energy price relief plan really a ‘Soviet-style policy’ or an ‘Armageddon’ moment?

Gas extraction costs have barely budged since Russia’s invasion of Ukraine but prices for domestic customers have quadrupled, Anthony Albanese says. Photograph: Dazman/Getty Images/iStockphoto

The Albanese government succeeded in passing its new energy price relief plan into law on Thursday, sparking claims the legislation resembles a “Soviet-style” policy.

Here’s what you need to keep in mind.