Finance & Fury Podcast

Welcome to Furious Friday! I recently saw a news article about Australians being “promised new laws to slash up to $832 from their annual electricity bills” This article outlines; This is a “federal government move to toughen rules for big energy companies and demonstrate action on household costs”. Outline new laws “to set a default offer price for millions of consumers…response to calls from regulators …to put pressure on suppliers”. The Government “promises the default offer will ensure customers are not being "exploited" because they stay on the standing offer from their suppliers rather than shopping around for a better deal”. “Opposition Leader Bill Shorten revealed plans in August for simpler bills with "capped" prices under a Labor government, at the same time former prime minister Malcolm Turnbull outlined similar measures”. "Returning to the table to negotiate with Labor a bipartisan energy policy that will support the growth of renewable energy, bring down carbon pollution and bring down electric