Power inquiry gains traction on all sides

The federal government is under pressure from all sides to set up a commission of inquiry into power prices, with the calls coming from the coalition partyroom as well as crossbenchers, Labor and the Greens.

"Coalition backbenchers like to talk big, but if they're serious about bringing down power bills, they'll cross the floor and vote to start re-regulating electricity prices," Greens energy spokesman Adam Bandt told The Australian.

"Electricity is an essential public service but it is being run like a stockmarket. Big companies have run out of chances to fix the mess they have created."

The coalition was also accused of dragging its feet on the banking royal commission, which has shocked the country with its revelations, and Malcolm Turnbull will be under pressure not to repeat the mistake with electricity providers.