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Budget Night Thread
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this post was submitted on 14 May 2024
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I think for the short to medium term energy prices will continue to increase so this is where the rebates will help. The investments to renewable energy are happening but without a war time level effort it's going to take some time for that to translate to lower prices. And you could argue that people that don't qualify for welfare but are on low incomes should receive it too, and that it's simpler and perhaps even less costly to just give it to everyone (due to administration costs from targeting).
On the other hand, I could see all of this bill support disencouraging people from getting rooftop solar and home batteries, and it might have a small effect on inflation (particularly from the wealthy who are already feeling pretty willing to spend). Although it might push some people to electrify more of their home if prices are low, so that could counter that somewhat.