Grattan Institute softens nation for power shock

Tuesday 24 March 2026

This would be a worry in normal circumstances.

The secret voice of the East Coast gas cartel, the Grattan Institute, is warning that a power shock is imminent.

Stand by for a repeat of the effects of the Russia–Ukraine war: higher gas prices, higher electricity prices, higher inflation, a higher cost of living, and more domestic manufacturers unable to stay in business.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.