GenCost is an annual capital-cost modelling exercise by CSIRO and AEMO that uses levelised cost of electricity (LCOE) and system-levelised cost of electricity (SLCOE) as screening tools for investor decision thresholds, not as a forecast of household electricity prices.
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Trump posted it at 11:14 pm on 13 July 2026. According to his Truth Social post, the United States would henceforth be known as "THE GUARDIAN OF THE HORMUZ STRAIT" and would collect a 20% reimbursement fee on all cargo shipped through it. No treaty. No congressional authorisation.
The US Trade Representative named Australia among 54 economies allegedly failing to enforce forced-labour import bans and proposed a 12.5% tariff surcharge, without citing evidence implicating Australian exports specifically.
One in three Australian households experienced food insecurity in the past year, according to Foodbank Australia's 2025 Hunger Report, as real wages and disposable incomes collapsed to levels unseen among comparable OECD nations.
