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Politics

Andrew Brown and Maeve Bannister

States asked to step up on power prices

Jim Chalmers Anthony Albanese

Treasurer Jim Chalmers remains confident state and territory leaders will be able to come to an agreement on how to ease the rising price of energy.

Leaders will meet with the prime minister virtually on Friday at national cabinet to discuss coal and gas price measures, with Prime Minister Anthony Albanese reportedly issuing a list of demands to NSW and Queensland to impose their own price caps on coal.

Treasury has projected tariffs will rise by 56 per cent for electricity and 44 per cent for gas by 2024 without government intervention.

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