Australians could be delivered another subsidy within weeks by the Albanese government to reduce their power bills as signs grow that the Reserve Bank has finished with cutting official interest rates.

Prime Minister Anthony Albanese on Monday gave his clearest signal yet that the government is considering an extension to the $75 a quarter power bill relief that is due to end with the calendar year, in a move that would cost the budget up to $2 billion.

The subsidy, which went to all households and many small businesses, was extended for six months in this year’s budget. Along with substantially larger state government subsidies, it helped push down electricity prices.

Without those subsidies, electricity prices would have climbed by 22.2 per cent since mid-2023. Instead, they have lift

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