NSW ‘almost ready to sign up’ to coal price cap to provide energy price relief

State's energy minister, Matt Kean, says It's not about royalties, it's all about consumers', putting pressure on Queensland counterpart

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New South Wales is prepared to agree to a price cap on coal without compensation to provide energy price relief to consumers and business, adding pressure on Queensland to follow suit.

Meanwhile, a meeting of energy ministers in Brisbane on Thursday has agreed, as expected, to move ahead with a so-called capacity investment scheme to help accelerate the take up of new storage in the electricity grid.

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