'Extraordinary times call for extraordinary measures.' 9News
Anthony Albanese, premiers and territory leaders dialled in remotely for the national cabinet meeting today after the prime minister caughtThe main item on the agenda was the energy crisis as prices skyrocket due to the war in Ukraine and surging inflation."Extraordinary times call for extraordinary measures," Albanese said.
A $1.5 billion support package will be paid through state and territory governments to provide support to households and small businesses. This is less than half the market rate but involves paying compensation of billions of dollars to major coal producers in the two states. The landmark deal was agreed to by the nation's energy ministers yesterday to bolster renewable energy to ensure there is enough supply in the national electricity grid.
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