Labor extends gas price cap to 2025 to protect power bills

Producers may be allowed to breach limit if they give enforceable promise to deliver minimum level of domestic supply

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The Albanese government will extend its price cap on wholesale gas prices until at least mid-2025 in an attempt to limit soaring energy costs.

It will also offer exemptions for producers in the domestic market if they can deliver enforceable promises to maintain a certain level of supply.

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