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ABC News
ABC News
Business
Emily Ackew and Jenny Ky

Mark McGowan says federal colleagues should look to Western Australia as budget forecasts surge in energy prices

West Australian Premier Mark McGowan says the federal government should look to his state and overseas to find a solution to surging electricity prices, which are forecast to rise 56 per cent in the next 18 months.

In Labor's first budget, which was released on Tuesday night, prices were predicted to rise an average of 20 per cent by Christmas, and a further 30 per cent in the next financial year, with gas prices also tipped to increase 44 per cent over the same period of time.

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