‘A sense of urgency’: capping coal prices to reduce power bills would need state support, cabinet told

Exclusive: It is expected Labor will adopt a suite of reforms to address an anticipated 56% increase in electricity prices

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The Albanese government could struggle to provide comprehensive energy price relief, unless the governments of New South Wales and Queensland cooperate with a plan to temporarily cap the wholesale price of coal.

The energy minister, Chris Bowen, updated cabinet on Monday on the components of Labor's long-telegraphed regulatory intervention in the energy sector.

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