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AAP

Politics

Poppy Johnston

Treasury backs energy market intervention

Energy Steven Kennedy Coal

Treasury secretary Steven Kennedy says an unconventional response to high energy prices is needed. (Lukas Coch/AAP PHOTOS) (AAP)

Senior Treasury officials have thrown their support behind government intervention in energy markets to push prices down.

Treasury boss Steven Kennedy believes the war in Ukraine has led to abnormally high prices and profits for gas and coal companies, demanding an unconventional response.

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