Australia's energy ministers have an 11-point plan. Here's why it won't ease prices any time soon

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Australia's energy ministers have an 11-point plan. Here's why it won't ease prices any time soon
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Amid a 'perfect storm' for energy prices and Australians' surging power bills, energy ministers across the country were meeting to make a plan. Here's what we know about it.

Mr Bowen has said it needs to include "new technologies, renewable energy and storage" in the mix, but he hasn't explicitly ruled out coal.

"It's got nowhere [in the past] because states have said they're not giving money to coal and gas and oil," Professor Mountain said.Mr Bowen has stressed that while no, there won't be any quick fixes, there's now a plan to let the regulatorMr Bowen said it was one of the most important points and would allow gas to be kept in storage for aOrigin Energy head Frank Calabria says it would help ease pressure on supply and be a step in the right direction.

"It's been a crisis brought about by a whole lot of circumstances. Probably foremost is coal-fired power outages, the fleet is very old, and we've had floods in coal mines," he said. Other ideas, like a windfall tax from energy companies, have been ruled out by the federal government.

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