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The Guardian - AU
The Guardian - AU
National
Tamsin Rose

NSW government hikes coal royalties to raise extra $2.7bn

Coal New South Wales Daniel Mookhey Penny Sharpe Australia Labor Minns
Coal falls from a stacker to a stockpile at the coal port in Newcastle, Australia
NSW Treasury estimates a 2.6 percentage point hike in coal royalties could increase annual household power bills by up to $5.80 on average. Photograph: Daniel Munoz/Reuters

The New South Wales government will increase coal royalties by 2.6 percentage points from July next year in a move that the treasurer, Daniel Mookhey, says will deliver $2.7bn into state coffers over four years.

Mookhey announced the change on Wednesday morning, a fortnight out from the first Minns government budget since Labor came to power in March after 12 years in opposition.

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