Energy bill passes – as it happened

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• Albanese government's energy bill passes Senate as Dutton warns price caps will be catastrophic' for economy
• Katharine Murphy: Peter Dutton's politicking over power prices is as cynical as it is calculating
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Meanwhile, Chris Bowen has been absolutely everywhere this morning, bouncing from interview to interview and Jim Chalmers has been filling in where Bowen hasn't been.

We'll bring you some of what they have been saying very soon.

Overwhelmingly this year, we've had unprecedented high prices and that's what you and I were just talking about. Mostly that's been driven by supply conditions. So you've had lots of discussion about the perfect storm, but we had lots of coal plant outages very high coal and gas prices, restrictions on the amount of water that Snowy Hydro is able to release and very high demand with an early winter but on top of all that, we don't think all of those things explained the level of price increases we saw in the whole stock market this year. We have got some evidence that suggests maybe generators have been withholding some of their capacity to drive up prices a bit but it is early analysis and we do want to do some further work to test the outcome of that and how strong it is.