Price cap ranges 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 help scheme for enterprise and households.
Albanese says the Australian Federal parliament can be recalled subsequent week. Pre-Christmas name again – MPs will spew!
Start date is Q2 2023.
Caps geared toward holding again energy costs. Gas and coal producers have seen mega windfall income so the political will for worth caps was there. The measures have been underneath negotiation for months.