Coal industry could face further intervention as Minns government begins consultation on expiry of price controls
in December last year in an effort to keep a lid on soaring electricity costs caused in part by the war in Ukraine disrupting the energy market.
In April the federal government extended the price cap on gas until at least mid-2025, but it left the future of controls on coal prices up to NSW and Queensland. For next year, future prices point to NSW having an average price of $126.64 per megawatt hour, significantly more than Victoria’s $79.48. Queensland and South Australia are expected to have prices of $117.20 and $112.93 per megawatt hour, the ASX said.Mookhey and the finance minister, Courtney Houssos, will on Thursday write to coalmining companies, power station operators, unions and trading partners seeking their feedback.
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