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Australian PM announces government will set a price cap for gas (AUD12) and coal (AUD125)

Australian PM announces government will set a price cap for gas (AUD12) and coal (AUD125)

Price cap levels announcement by Prime Minister Albanese:

  • Gas at A$12 per gigajoule
  • Coal at A$125 per tonne
  • will apply for 12 months
  • Part of an AUD 1.5bn support scheme for business and households.

Albanese says the Australian Federal parliament will be recalled next week. Pre-Christmas call back - MPs will spew!

Start date is Q2 2023.

Caps aimed at holding back power prices. Gas and coal producers have seen mega windfall profits s... Read More

Posted: Dec 9 2022, 05:13
Author Name: forexlive
Views: 102059

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