"Australians already struggling with the cost of living should brace for a sharp increase in energy bills, a line deep in the federal budget has warned. In explaining its economic outlook for the country, Treasury estimates that electricity prices will rise by an average of 20 per cent in late 2022, before jumping by a further 30 per cent in 2023-24. 'This rise in wholesale electricity and gas prices can be expected to flow through to higher consumer prices as wholesale contracts are renewed,' Treasury notes in its budget statement." #ToponymOceaniaAustralia #CatchcryCostOfLivingCrisis #MetaphorVersusCostEnvironment #OrgAUFedGov #OrgAUFedGovDepartmentOfTheTreasury ^[Wikipedia] #OrgAUFedGovDepartmentOfTheTreasuryBudget ^[Wikipedia] #2022_ #PhenomnEnergyElectricity #PhenomnEnergyFuelFossilNaturalGas