A spike in gas prices, liquid fuels and electricity have created a perfect storm within Australia's energy market.
Treasurer Jim Chalmers says the failure of the Liberal government to land an energy policy and put in place infrastructure for renewables has made the domestic market less resilient.
"This is the chickens coming home to roost when it comes to almost a decade now of climate change and energy policy failure from our predecessors," he told reporters in Canberra.
