The idiot MSM is at its gotcha worst.
Peter Dutton has again refused to offer a figure for how much power prices would come down under a government he leads, while assuring those prices would nonetheless be lower than they would be under a re-elected Labor government.
Assuming Dutton dropped the spot gas price to $9Gj over one year, it would trigger a fall of approximately one-third in gas bills.
For electricity, this would equate to about 14% of your bill.
However, because Labor is spending three billion dollars per annum subsidising your bill already, the fall would be muted.
Obviously, it would stop the need for the $3bn rebates, so would lower tax pressures at the margin.
But this is not the key consideration.
The forthcoming Gasmageddon of LNG imports is what matters most. If this takes place, the gas price will rocket to $20Gj as the export cartel limits supply and makes LNG imports the marginal price setter of local gas.
As Labor removes the rebates at the end of 2025, electricity prices will go mad over the subsequent two years.
All a bit much for the brainless twats of the MSM.
