Nationals MP Keith Pitt says a $125-a-tonne domestic coal price cap may lead to an “increase” in the cost of coal for some “government-owned generators” in Queensland.
Nationals MP Keith Pitt says a $125-a-tonne domestic coal price cap may lead to an “increase” in the cost of coal for some “government-owned generators” in Queensland.“So they’ve been putting a giant electricity tax on the people of Queensland for many years.
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Albanese govt calling on NSW and Qld to implement $125-a-tonne domestic coal price capSky News Political Editor Andrew Clennell says the federal government is seeking to get New South Wales and Queensland to “implement a cap on the domestic coal price of $125 a tonne”. He said the government is set to announce a cap on gas prices of $13 per gigajoule. “The federal government at the moment is offering no compensation to the states for implementing a coal price cap but saying that putting on a coal price cap is the states' responsibility,' Mr Clennell said. “The New South Wales government is not focused, as I understand it, on getting compensation for royalties. “They are focused on consumers and are aware that implementing a $125 per tonne coal price cap would mean they would have to compensate coal-fired power generators who have already contracted coal at a much higher price.” He also said the New South Wales government fears “coal companies could collapse” if they are forced to provide coal to generators at these prices.
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Albanese asks states to cut coal price in half to tackle energy crisisThe federal government is scrambling to close a deal on the energy crisis after asking the states to cap the price of coal at $125 per tonne – less than half the market rate | CroweDM
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Albanese asks states to cut coal price in half to tackle energy crisisThe federal government is scrambling to close a deal after asking the states to cap the price of coal at $125 per tonne – less than half the market rate. auspol
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Anthony Albanese says postponing energy market meeting with premiers won’t delay power price reliefThe prime minister, who is isolating with Covid, says putting off national cabinet by two days will not affect timing of proposed intervention
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Labor urging NSW, Queensland to implement $125-a-tonne coal price capThe Albanese government is urging NSW and Queensland to implement a cap on the domestic coal price of $125 a tonne - and is itself set to announce a cap on gas prices of $13 per gigajoule – in a bid to reduce power prices from a forecast 56 per cent increase contained in the October Federal Budget.
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