Anthony Albanese, premiers and territory leaders dialled in remotely for the national cabinet meeting today after the prime minister caughtThe main item on the agenda was the energy crisis as prices skyrocket due to the war in Ukraine and surging inflation."Extraordinary times call for extraordinary measures," Albanese said.
A $1.5 billion support package will be paid through state and territory governments to provide support to households and small businesses. This is less than half the market rate but involves paying compensation of billions of dollars to major coal producers in the two states. The landmark deal was agreed to by the nation's energy ministers yesterday to bolster renewable energy to ensure there is enough supply in the national electricity grid.
Words words...just fix it
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.
Source: GuardianAus - 🏆 1. / 98 Read more »
National cabinet agrees to $1.5b energy relief plan, parliament recalledAustralia&x27;s leaders have agreed on an "extraordinary" energy price relief plan to help ease pressure on household budgets. Why does it feel like our power bills will stay the same, coal/energy companies will find a way pocket the money, and it will be paid out in dividends to the likes of mcannonbrookes With all the coal, gas and uranium we have power prices shouldn't be this high. The government's excuse of global markets and the war in Ukraine is a load of shit.
Source: 9NewsAUS - 🏆 10. / 72 Read more »