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What the federal government's coal price cap means for power bills, generators and Queensland's royalties

Coal Bruce Mountain Queensland Anthony Albanese Gladstone

The federal government has announced a price cap on gas and coal to help ease the cost of energy.

While some of the details still need to be nutted out, Prime Minister Anthony Albanese said parliament will move to place a temporary cap on gas at $12 a gigajoule, and that states will be capping coal at $125 per tonne.

Along with the caps, Mr Albanese said the federal government would provide up to $1.5 billion to support households and small businesses. 

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