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Newcastle Herald
Newcastle Herald
National
Ian Kirkwood

$125 a tonne domestic coal cap confirmed as Albanese unveils power plan

Coal Anthony Albanese New South Wales Santos
It's been a big day on the energy front, with a national agreement on capping gas and coal prices, and the NSW government declaring a proposed pipeline out of the controversial Narrabri coal-seam gas project to be 'state significant'. This Narrabri protest earlier in the year is just one of many against the project.

A TEMPORARY price cap of $125 a tonne for power station coal and a 12-month price cap of $12 a gigajoule for domestic gas are two of the four arms of a power bill price shock policy unveiled this afternoon by Prime Minister Anthony Albanese.

Addressing media after a National Cabinet meeting yesterday, Mr Albanese also confirmed $1.5 billion in temporary targeted assistance to households and small businesses, to start from the second quarter of next year.

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