Original article by Max Maddison
The Australian – Page: 1 & 2 : 4-Jan-23

Households and small businesses will receive some $1.5bn in price relief via the federal government’s energy plan, which will cap gas and coal prices. Coal-fired power generators will in turn be entitled to compensation over the decision to cap coal prices at $125 per tonne. It has been estimated that coal-fired power stations in New South Wales could receive about $500m in compensation, with their Queensland counterparts could potentially be entitled to $750m in compensation. Independent senator David Pocock has criticised the government in the wake of revelations that mining company Rio Tinto and its partners could receive around $450m in compensation because they own the Gladstone power station.

CORPORATES
RIO TINTO LIMITED – ASX RIO