Prime Minister Anthony Albanese has pledged the federal authorities will do what it takes to ease the stress, because the Reserve Financial institution considers an extra charge hike this week.
"We'll look at what we will do to take stress off vitality costs," Albanese stated.
Treasurer Jim Chalmers stated the federal authorities was "considering the type of steps that governments would not have contemplated a yr or two in the past".
Into account is making the non-obligatory code of conduct for gasoline suppliers obligatory and value caps or restrictions to deliver down retail costs.
"You may go down the trail of tax. You may go down the trail of direct help to households. We do not need to rule out these type of choices. However our focus is on the regulatory aspect," Chalmers stated.
Opposition Senator Michaelia Money argued "you can't speak about value caps, if you're not on the similar time speaking about getting provide into the market".
Samantha McCulloch, chief government of the Australian Petroleum Manufacturing and Exploration Affiliation stated provide was the answer to placing downward stress on costs.
Monetary assist to pay vitality payments can be being thought of however with one other possible rate of interest rise on Tuesday placing extra stress on family budgets, there's extra stress on the federal government to take motion quickly.
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Minister for Local weather Change and Power Chris Bowen stated the federal government was "doing every thing that we prudently and sensibly can".