Gareth Hutchens

What was her take on this budget?

Well, and one of the other issues surely is that because the government swore black and blue that they wouldn't do this at the last election and then they've gone and done it, it does make it very difficult for parties to say, we promise we won't or will do this thing.

And, you know, time rolls on, situations change.

Gareth, I made a core promise at the top of this podcast that we will discuss power prices.

With CPI data set to come out tomorrow, there's something very interesting happening with power prices.

I haven't been able to say this for a while.

They're set to fall for most customers, up to 10%, some even bigger drops for businesses.

This is the kind of event that the RBA will be tracking along with the inflation data that comes out tomorrow as it weighs up what to do with rates as it keeps trying to fight persistently high inflation.

part of what is so fascinating about all of this.

So this comes from our energy market operator.

We're talking about the, they call it the national energy market, but essentially it's everyone except for WA.

This is a fascinating element.

Yeah.

Why do you think prices are falling?

Well, there's a few factors.

There's a huge surge in renewables.

Now we're aware of that massive penetration of solar panels and

big uptake on the battery program where the government was massively subsidising home batteries.

We're seeing more industrial scale batteries.

All of this stuff, I find it absolutely fascinating because we really are building the plane while we're flying.