A POWER industry expert's analysis of Australian electricity prices says gas rather than coal is the major determinant of price, and that a coal cap may well drive up prices, especially if it is set too low.
The report commissioned by the NSW Minerals Council from specialist consultants Boardroom Energy comes after the Albanese government floated the idea of a domestic coal price cap of $A125 a tonne, with the idea expected to dominate today's delayed National Cabinet meeting, called to discuss power prices.
