Federal and state governments have agreed to pay producers compensation for pre-existing supply contracts exceeding the cap
government source told Guardian Australia the $450m figure would be “in the ballpark”, although state generators returning in May should limit Rio’s compensation to six months.
“The briefings and information I received suggested that any compensation under this plan to bring much-needed energy price relief for households and small businesses would be minimal and confined to a small number of generators,” Pocock reportedly said.Sign up for a weekly email featuring our best reads
“What we have said is that where the price of production is more than the cap, then there will be some support offered.
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