The opposition are playing the greatest hits of 2024, and talking about the ALP promise in the 2022 election campaign to deliver cheaper electricity prices.

That the LNP are still doing this after the 2025 election says a bit about where they are at the moment.

Today’s CPI figures showed that electricity prices actually jumped a fair bit in the  June quarter – but that was mostly due to the end of the Qld and WA state subsidies.

The govt’s decision to extend the federal subsidy means however that overall Australians are still paying about 14% less for electricity than they otherwise would be.

$100 worth of electricity in June 2023 now costs around $101. If we didn’t have the subsidies, it would cost $117.