The cost of energy generation went up over winter.

That doesn’t mean power bills are about to spike however - retail prices are set once a year by a regulator, which means that households aren’t about to see a change in the cost of their electricity any time soon. 

But the increased cost of generating power could have big impacts on the economy, politics and households.

Also, two long-serving Labor ministers are retiring from politics, ahead of the next federal election. Indigenous Affairs Minister Linda Burney, and Skills and Training Minister Brendan O’Conner will leave parliament at the election, and the Prime Minister will use their retirements to reshuffle his cabinet this weekend.

Today, climate and energy correspondent Mike Foley and national affairs editor James Massola on what government’s are doing to fix our energy market and what a reshuffle means for Labor.