No immediate power price relief for households and businesses as Australia’s energy ministers meet

Ministers agree to give regulator more powers to ensure supplies while plans for a capacity market could be ready in December

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Households and businesses will get no immediate relief on their utility bills after Friday's meeting of energy ministers, with discussions instead aimed at ensuring electricity and gas supplies will be ample next winter.

Federal, state and territory energy ministers gathered in Melbourne for an update on power and gas markets, and to discuss progress on creating some form of a capacity market that would bolster the reliance of the energy sector as coal-fired plants exit.

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