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The New Daily
The New Daily
National
Andrew Brown and Maeve Bannister

PM feels no shame over ‘significant’ power price rises

Act Andrew Barr Anthony Albanese
The prime minister says energy price hikes would have been higher were it not for market intervention, while denying the rises were embarrassing his government. Photo: AAP

Looming energy price rises are not an embarrassment for the government, the prime ministers says, despite describing the hikes as significant.

The Australian Energy Regulator released its draft default market offer decision on Wednesday for the upcoming financial year, showing a 25.4 per cent rise, or $1738 a year more, from July 1.

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