Albanese confident Queensland and NSW premiers will back plan to cut power prices

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PM tells business leaders his government is ‘working around the clock to deliver a solution’ and flags collaboration with states

unless NSW and Queensland cooperate with a plan to temporarily cap the wholesale price of coal. The government is looking at price cap options to assist industrial users of gas and households battling a surge in their power bills.

Gas price relief can be achieved through tweaking existing federal mechanisms, such as the industry code of conduct, but interventions in the coal market are normally driven by the states.to fire a public warning shot at Albanese The energy package is still the subject of internal deliberations. Albanese is looking to land the long telegraphed regulatory intervention around the time of a looming national cabinet meeting in early December.

In question time on Wednesday, the deputy Liberal leader, Sussan Ley, labelled the energy policy “half baked”, and accused the industry minister, Ed Husic, of not being able to explain its details in a morning interview.

Source: News Formal (newsformal.com)

 

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'the Albanese government may struggle to provide comprehensive energy price relief unless NSW and Queensland cooperate with a plan to temporarily cap the wholesale price of coal.' Two weeks to flatten the curve? LOL Everyone has heard that one before.

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