Labor’s pledge to commit to a mechanism to drive down soaring gas and energy prices has been threatened after Queensland and New South Wales hit back at a request to impose coal price caps of its own.has reported the two states were asked to impose the measure to avoid the Commonwealth paying tens of billions of dollars to the coal producers as per legal advice from the government’s solicitor.
A national price cap would force the Albanese Government to pay coal producers tens of billions of dollars in compensation. Picture: NCA Newswire/David Swift “The Federal Government has come out and said they will provide solutions to reduce the cost of living across the country and we support that,” Mr Perrottet said at a press conference on Thursday.The Premier also urged his federal counterparts to stump up money for compensation if price caps were introduced.
The state, territory and Commonwealth governments successfully freed up more LNG supply through the September Heads of Agreement, but the focus has now turned to prices. But the NSW Treasurer said the state was “expecting nothing less” than a national approach, rubbishing suggestions his government would introduce its own price cap on coal and gas.
Dorothy23897725 So it's down to Dom to fix NSW...... you collect the royalties you can bring in the price cap on coal
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Albanese government requests states impose coal price capsThe federal government is facing a stand-off with the states over energy price caps as it tries to use a legal loophole to avoid paying compensation to coal producers. Sky News Political Reporter Joel Philp says it seems the government could avoid paying billions of dollars in compensation to coal producers for imposing price caps by asking the states to do it themselves. 'The Australian is reporting that the New South Wales and Queensland governments, that the request has been made of them,' he said. He is already on the way out So, after a couple of weeks working on the problem, the new Prime Ministers solution is to hand the problem to someone else? Seriously How about he stay in the country and focus on the real problems The muppets are officially in charge. When this blows up, as it must, ppl may yet realise Labor has no idea what it’s doing.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Power bill debts soar as states brawl over coal, gas price capsThe number of customers with a debt over $2500 for more than 24 months has risen by 39 per cent under the strain of higher energy bills. AlboMP & Bowen will fix it 😂
Source: theage - 🏆 8. / 77 Read more »
Power bill debts soar as states brawl over coal, gas price capsFigures from the Australian Energy Regulator reveal most households have faced double-digit electricity and gas bill hikes in the past year as a “perfect storm” pushes wholesale power prices to all-time highs | NickToscano1 micksfoley NickToscano1 micksfoley Stop the lies . NickToscano1 micksfoley To reduce the price of coal and gas requires investment, and no company will invest because the risk of government intervention is just too high. The true cost of renewables. NickToscano1 micksfoley the government dont want to upset the big end of town until they get a better spin doctor
Source: smh - 🏆 6. / 80 Read more »
Energy fight looms as Labor plan for gas price firmsThe federal government is taking on the gas industry as it finalises plan to cap prices for domestic commercial and industrial customers at between $11 and $13 per gigajoule and corral the states into similar price caps for coal.
Source: FinancialReview - 🏆 2. / 90 Read more »