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Albanese government seeks profit caps on energy bills

The government is considering new regulations targeting the profits of domestic gas and coal sales as a way of bringing down energy prices.

Both New South Wales and Queensland governments have reacted angrily to a federal push to cap coal prices.

The Albanese government is looking at implementing a mandatory code of conduct to cap the profits on coal and gas as a way of bringing down household electricity bills.

According to The Australian, Prime Minister Anthony Albanese is willing to recall parliament in order to legislate any measures that could bring down energy prices quickly.

The government is considering new regulations targeting the profits of domestic gas and coal sales as a way of bringing down energy prices. Both New South Wales and Queensland governments have reacted angrily to a federal push to cap coal prices. The Albanese government is looking at implementing a mandatory code of conduct to cap the profits on coal and gas as a way of bringing down household electricity bills. According to The Australian, Prime Minister Anthony Albanese is willing to recall parliament in order to legislate any measures that could bring down energy prices quickly.

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