The government has been working on a plan that reportedly will include caps on wholesale power prices. Follow the day’s news live
Good morning and welcome to our live politics blog from Canberra. Amy Remeikis will be here shortly but before then, let’s have a look at the other stories making the news overnight.
Anthony Albanese told business leaders last night that he is “confident” of reaching an agreement on a plan to ease energy costs. Speaking at the Australian Chamber of Commerce and Industry gala in Canberra, Albanese said energy policy inaction under the former government was magnifying the shocks caused by Russia’s invasion of Ukraine. “I fully appreciate that rising energy costs are putting significant pressure on your businesses, as well as family budgets around Australia,” Albanese said. “I’m confident we will be able to reach agreement on a plan that delivers for every part of Australia.”