States would be rewarded for imposing cap on coal prices, but support not a ‘blank cheque’, treasurer Jim Chalmers says
Get our morning and afternoon news emails, free app or daily news podcast
The federal treasurer, Jim Chalmers, has confirmed the government is prepared to compensate the states for costs incurred as part of a looming regulatory intervention intended to reduce power prices during the first six months of 2023.
Any compensation would be conditional on the states imposing a temporary cap on coal prices, and Chalmers warned the financial support on offer will not be a “blank cheque”. The treasurer told the ABC on Tuesday “there’s not a bottomless pit of commonwealth cash to direct to the task”.
Continue reading…States would be rewarded for imposing cap on coal prices, but support not a ‘blank cheque’, treasurer Jim Chalmers saysGet our morning and afternoon news emails, free app or daily news podcastThe federal treasurer, Jim Chalmers, has confirmed the government is prepared to compensate the states for costs incurred as part of a looming regulatory intervention intended to reduce power prices during the first six months of 2023.Any compensation would be conditional on the states imposing a temporary cap on coal prices, and Chalmers warned the financial support on offer will not be a “blank cheque”. The treasurer told the ABC on Tuesday “there’s not a bottomless pit of commonwealth cash to direct to the task”.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…