$10 thread, page-484

New Hope sells some coal domestically to power stations in NSW, but I don't know at how much per tonne its contracts are.

From 'The Australian' Wednesday 28 December 2022:

Taxpayers will be slugged about $450m to compensate mining giant Rio Tinto and its partners for anticipated losses incurred by the Albanese government’s coal price cap.

Queensland Treasury is close to finalising a deal on behalf of the federal government to reimburse owners of Gladstone Power Station for the $125-a-tonne cap agreed at national cabinet this month.

In the first of a handful of compensation deals with NSW and Queensland power plants, owners of Gladstone Power Station will be reimbursed to ensure supply of electricity during the 12-month domestic coal price cap.

The move is expected to inflame tensions between Labor, the Greens and crossbenchers, who have opposed compensation for fossil-fuel companies, and whose support the federal government relies on to pass legislation in the Senate.

Government sources say “maybe three or four” power stations in NSW will also be reimbursed, including those that were already locked into contracts to buy coal above the $125 cap.

Compensation schemes will differ among states, but power suppliers are expected to be paid “periodically”.