on Friday after telling state leaders his government would put price controls on gas – with a draft cap of $13 per gigajoule – but would expect states to enact the changes in the coal market.
Chalmers said miners were gaining prices of up to $300 per tonne for coal due to the energy crisis caused by the war in Ukraine but that the federal plan aimed to help manufacturers and consumers. NSW Treasurer Matt Kean has tipped an increase in coal royalties from the $3.6 billion the state received last year.
“Prices will go up next year, but if we can make them go up by a little bit less, then we should try and do that.”Coal miners, meanwhile, could see their profits cut if they were forced to sell to the local market at $125 for an extended period of time. “He has the biggest budget in the nation and now is not the time for Jim Chalmers to be the Christmas grinch and to pass on billions of dollars in bills to NSW taxpayers.”
CroweDM the coal contracts are real........so its a scam
CroweDM 'Scrambling' is simply poor writing explicitly designed to evoke bias Report facts, stop opining Costello media Independent. Used to be.
CroweDM But we were told coal was evil. Remember the COALition and other witty japes. But it’s ok cos it’s Labor.
CroweDM Remember this in 2014? Where are the government's friends in the coal industry?
CroweDM
CroweDM
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Australia news LIVE: Labor asks states to impose $125 coal price cap, promises energy price plan before ChristmasThe federal government has asked the states to impose the cap on every tonne of coal used by local power generators, hoping they will make the changes needed to flow on to household bills next year. CroweDM calling governments he will upset the woke movement CroweDM Ahaha wow. 🤡 CroweDM How about he just start taxing the shit out of mining companies
Source: theage - 🏆 8. / 77 Read more »
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 So good he tricked everyone into voting for him by saying power prices would go down. Investors are set to make an absolute fortune with his climate targets which will push power prices sky high making the rich richer and the people poorer. So lucky people are gullible suckers
Source: GuardianAus - 🏆 1. / 98 Read more »
National cabinet goes virtual after Anthony Albanese contracts COVIDNational Cabinet will now attend a virtual meeting this Friday on how to solve the country's energy crisis and reduce power bills. The meeting was rearranged after Prime Minister Albanese tested positive to COVID. 7NEWS Don’t need national cabinet , just dig up more coal and gas , build more coal power stations or go nuclear . Simple . It’s so good that Albo lied to everyone about power prices to win the election. People are such gullible suckers. Now us investors will make a fortune with his climate targets pushing power prices sky high to make the rich richer and the people poorer. 💰💰👍👍
Source: 7NewsMelbourne - 🏆 18. / 59 Read more »