If household bills went up by more than 50 per cent in five years in any other market, governments would be clamouring to fix the problem. But in the electricity sector, the pace of change is glacial.
Electricity bills are the issue that is dominating our conversations, from the bus stop to the boardroom table. They are the number one cost-of-living concern for Australians, ahead of mortgages, rent and groceries.
The debate about how to fix this problem has, however, become bogged down in countless reviews, reports and committees.
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The Budget this week has me thinking about how no one likes their finances meddled with, especially given the prospect of more or increased bills. I’m no exception.
When they arrive in my letter box I’m instantly in a bad mood. I know they’re due but somewhere in the back of my mind I still hope that just once in my lifetime, the “systems” will go down and all the slates will be wiped clean.
I find I’m actually quite defensive towards them. I sometimes wonder if I were to tear it up, would anyone notice?
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