They did not hold back power prices, Morrison and co. lied as...

They did not hold back power prices, Morrison and co. lied as usual.

https://www.theguardian.com/environment/2022/apr/19/australian-wholesale-power-costs-soaring-despite-morrison-governments-budget-claims

" Australia’s wholesale power costs are soaring, with prices for most of the national electricity market running at double the rate promoted by the Morrison government in last month’s budget.

April prices are forecast at $175 per megawatt-hour in Queensland, the most among the major east coast states, ASX futures data shows. New South Wales isn’t far behind at $173/MWh, while South Australia at $150 and Victoria just above $100.

The prices – which are one factor affecting household power bills – are at odds with the Morrison government’s claims as recently as last month’s federal budget that it had lowered electricity prices.

“The government is delivering on its commitment to a secure, affordable, and reliable energy supply and has achieved its goal of wholesale electricity prices under $70/MWh,” the budget said. ... "