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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