The financial assistance will flow through the states to help Australians on income support and other federal social services programs.
The federal government is willing to pay states to ensure the new regime keeps costs down for power generators and limits the increase in retail prices.
NSW and Queensland own the gas and coal,so they have Canberra over a barrel. But they know they must cut a deal at Friday’s national cabinet meeting.
The differences between the NSW premier and his Liberal deputy are inescapable,but can they keep a lid on them before the March election?
Energy export states may receive temporary compensation under an energy price cap but even if a deal is done,households will have months to wait to see the flow through to bills.
Administrators are hoping for a quick fire sales process to get one of the nation’s biggest builders back on its feet and to keep delivering its suite of major energy infrastructure projects.
Whatever Anthony Albanese achieves when national cabinet next meets,it is unlikely to result in lower energy prices for families.
The country’s biggest business bank says business loans for electric vehicles and plug-in hybrids have ballooned by 900 per cent since 2020,
Time is running out for the prime minister to strike a deal as NSW and Queensland warn against any hit to their combined $9 billion in annual coal royalties.
Almost 80 per cent of voters back energy price caps to tackle soaring bills,polling has found,as the states push back against the plan over lost royalties.
The number of customers with a debt over $2500 for more than 24 months has risen by 39 per cent under the strain of higher energy bills.