LATE Wednesday afternoon, reports emerged from Canberra that the federal government would use Friday's National Cabinet meeting to force a domestic coal price cap of $125 a tonne, with the governments of coal-producing states - namely NSW and Queensland - being given the responsibility of implementing the policy.
Whether or not the mooted $125 a tonne price turns out to be the actual figure, the Albanese government clearly feels itself in the middle of a political storm - one that is arguably of its own making, seeing it went to the polls earlier this year pledging the election of a Labor government would result in lower power prices.
