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The Guardian - AU
The Guardian - AU
National
Amy Remeikis

$1.5bn energy price relief package for Australians including caps on coal and gas

Coal Australia Anthony Albanese
Australian prime minister Anthony Albanese
Anthony Albanese speaks after national cabinet. Parliament will be recalled to implement a cap on gas prices at $12 a gigajoule and coal prices at $125 a tonne. Photograph: Dan Himbrechts/AAP

Canberra and the states have agreed to cap coal and gas prices, and provide additional rebates for Australians on low and middle incomes, as part of a $1.5bn intervention that will shave hundreds of dollars off power bills.

After a national cabinet meeting on Friday, governments have agreed to cap gas prices temporarily at $12 per gigajoule and cap coal prices at $125 per tonne. Parliament will be recalled next week to implement the change.

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