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The idea being considered to rein in soaring energy prices

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Article image for The idea being considered to rein in soaring energy prices

An increasing number of Australians believe price caps are needed to rein in soaring energy prices.

It was revealed in Treasury data last week during the federal budget that Australians can expect power prices to rise 50 per cent over the next two years.

The government is reportedly considering a suite of measures, including energy price caps as the cost of electricity.

Independent Senator Jacqui Lambie told Today it’s time for a gas reserve policy.

“It’s time to get in there and do something.”

Treasurer warns electricity prices will continue to rise

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