$1.5bn energy price relief package for Australians including caps on coal and gas
by Amy Remeikis from World news | The Guardian on (#66NKA)
Treasury advised the PM and premiers not to deliver the rebates as cash handouts due to risk of fuelling inflationary pressure
Canberra and the states have agreed to cap coal and gas prices, and provide additional rebates for Australians on low and middle incomes, as part of a $1.5bn intervention that will shave hundreds of dollars off power bills.
After a national cabinet meeting on Friday, governments have agreed to cap gas prices temporarily at $12 per gigajoule and cap coal prices at $125 per tonne. Parliament will be recalled next week to implement the change.
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