Original article by Simon Benson,{SPAC}Geoff Chambers
The Australian – Page: 1 & 5 : 7-Dec-22
Prime Minister Anthony Albanese is said to be confident of securing a deal with state and territory leaders on gas and coal price caps before Christmas. The federal government will intervene in the gas market, although it is likely to wait until February to legislate its mandatory code of conduct, which will impose a floating price mechanism on gas producers as part of its strategy to reduce energy prices. However, the government will push for NSW and Queensland to impose their own price caps on coal; the states have warned that this would require the government to compensate coal producers.
CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET