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Energy Cost Reduction Plan Likely To Pass On Thursday

AUSTRALIA

The government’s energy cost reduction legislation is to be presented at a special sitting of parliament tomorrow. It is expected to pass through both houses as the government gained the support of the Greens and crossbench in the senate. It made concessions to the Greens regarding subsidising the shift to electric energy from gas for consumers and the details will be worked out before the May budget. Meanwhile energy producers have complained of a lack of consultation and that the plans will reduce investment and the supply of gas. (The Australian)

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