Still no solution for power bill shock

It's been two years since Julia Gillard promised to tackle rising energy costs for households. Yet cost-saving initiatives like smart meters and time-of-use tariffs are a long way off the political agenda.

This time last year, Julia Gillard was telling us she had a big stick waiting for the other ministers if they didn’t go along with her plans to deliver households an average $250 a year in savings on their electricity bills from 2014.

Her threat involved the use of the Australian Electricity Regulator and the Australian Competition and Consumer Commission to force change if the premiers didn’t bow to her wishes.

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