Gareth Hutchens

What do you think the RBA sees and what do you think the economy sees as energy prices fall?

And that's huge.

Victoria's on a slightly different regulatory regime.

They're looking at falls of about 5%.

This is a really big shift.

Now, we talk about fuel a lot because we see the price on a billboard as we drive past it.

You know, it's one of those fuel, is one of those prices we actually know all the time.

We have a sense of it because it's so visible.

We don't do that with bread and milk.

We certainly don't do it with power.

It's much more opaque.

When we're looking at this upcoming RBA decision, we've seen how interventions in the electricity market in previous years have pushed down inflation or was going to be upwards drive from that.

Do you see it as being so, in the same way as fuel, so involved in every aspect of the economy that this puts downward pressure on inflation?

Well, that's the reason different governments are starting to offer free power in the middle of the day.

Because what people might not understand about our power system is that some of the reason that coal fire is on the way out is it produces a very consistent amount of power.

It's very hard to make more or less.

You've got to...

change a lot of settings.

It's not quick.

It's extremely slow.