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MA0252

225 Posts.

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07/12/22

16:00

Post #: 65201193
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Originally posted by Hopeful9: ↑

The Australian has confirmed that the federal government has asked the NSW government to impose a $125 coal price cap in its bid to bring down energy prices.
The Australian first revealed yesterday that the initial advice to NSW and Queensland governments was that they would have to cap coal prices at between $125 and $160 a tonne – around half current levels – to have any meaningful flow on impact for energy bills.
The commonwealth has agreed to cap gas prices at $13 a gigajoule though a mandatory code of conduct.
Negotiations are still ongoing over the possibility compensation to be paid by the commonwealth to the states for lost royalties and possible compensation payments to coal producers.
The news comes after the October Federal Budget forecast household electricity and gas prices would soar by 56 and 44 per cent, respectively, over the next two years.
On Tuesday, Treasurer Jim Chalmers left the door open to “responsible” contribution from the commonwealth, after the NSW and Queensland Premiers demanded compensation for implementing a coal price cap.

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Remember when the fed budget experts said coal would be 50 per tonne, think was oct??

NHC Price at posting: $5.79 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $4.79		Change -0.050(1.03%)		Mkt cap ! $4.049B

Open	High	Low	Value	Volume
$4.91	$4.94	$4.67	$14.44M	3.026M

Buyers (Bids)

No.	Vol.	Price($)
1	586	$4.78

Sellers (Offers)

Price($)	Vol.	No.
$4.80	100	1

View Market Depth

No.	Vol.	Price($)
1	586	4.780
1	587	4.770
2	12500	4.750
3	23449	4.740
6	14387	4.730

Price($)	Vol.	No.
4.800	100	1
4.870	10000	1
4.940	5295	2
4.950	7520	4
4.970	1952	2

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