You might remember Labor and the Coalition bickering during the election campaign over whether retail electricity prices were going up.

Well, now they are – and energy economist Bruce Mountain predicts the increases flagged this week may be just the beginning.

“These increases point to very serious issues within Australia’s electricity market,” Bruce writes. “We may be in the early stages of an energy price shock comparable to the 1973 oil price crisis.” International events have sent the price of coal and gas – from which Australians still get around 70% of their electricity – soaring to several times their long-term averages.

There are a lot of dubious claims made about energy prices – from the companies with vested interests to politicians scoring cheap points against their opponents. At The Conversation, we believe in the importance of evidence-based journalism, and devote all our resources to injecting academic expertise into the news cycle. If you are able to support us, please donate. Every dollar makes a difference.

Tim Wallace

Deputy Editor: Business + Economy

Expect more power price hikes – a 1970s-style energy shock is on the cards

Bruce Mountain, Victoria University

Soaring costs for coal and gas point to serious issues within Australia’s electricity market, with more retail prices likely.

Will the latest shooting of US children finally lead to gun reform? Sadly, that’s unlikely

Brendon O'Connor, University of Sydney; Daniel Cooper, Griffith University

Frequent mass shootings are a stain on the country’s international reputation. But it’s likely the latest episode will lead to more inaction on gun control.

Albanese will bring a different style of leadership to the PM’s office –– can Australia make the adjustment?

Paul Strangio, Monash University

Australia’s prime ministers in recent years have not stayed in office for long. If the Australian public can be patient, Albanese’s style may offer greater longevity.

Grattan on Friday: Stellar first week for Anthony Albanese but tough months ahead

Michelle Grattan, University of Canberra

Anthony Albanese had expected the election might be a week earlier than it was, because last Saturday would bump up against Tuesday’s Quad meeting in Tokyo.

Dumbed-down curriculum means primary students will learn less about the world and nothing about climate

Alaric Maude, Flinders University

The number of content descriptions of what teachers should teach and what students should learn has been cut by 21%. In primary school geography, 50% of these descriptions have gone or been reduced.

Laggard to leader? Labor could repair Australia’s tattered reputation on climate change, if it gets these things right

Jonathan Pickering, University of Canberra

The Albanese government’s insistence on maintaining a booming coal export industry will hamper Australia’s comeback.

India and Pakistan’s heatwave is a sign of worse to come – podcast

Daniel Merino, The Conversation; Gemma Ware, The Conversation

And after India banned wheat exports in May due to the high temperatures, we find out how vulnerable crops are to extreme heat. Listen to The Conversation Weekly podcast.

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