![]() ![]() On 1 November, when asked if he had signed the regulation delaying notification of the price rise, Taylor told the National Press Club: “I did, as was recommended by the industry department, and by the regulator. Taylor told Sky News that notice of price rises was in “a report from the Australian Energy Regulator” but said: “It puts it out, not me, and I didn’t see it.” On 26 October Taylor was asked if he knew before the election prices would rise and replied: “No, I didn’t.” He cited the fact the average wholesale power price in 2019 was $89, which fell to $67 in 2021. On 29 April, Taylor told 2GB Radio that claims of power price rises were “fake news”, dismissing recent increases as “short term fluctuations”. ![]() Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup In opposition, the Coalition has pursued Labor over power price rises, targeting the government’s projection that renewables can help bring bills down by $275 and downplaying or denying it was aware of price spikes before the election. ![]() Since the “price safety net” was introduced in July 2019, the AER has been required to release its so-called default market offer on 1 May each year.īut on 7 April 2022 the Morrison government amended regulations so that the offer was not revealed until 26 May, delaying the news that prices were expected to rise by 11.3% to 12.6%, or about double the expected inflation rate, until days after the election. ![]()
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