She told reporters in Brisbane there would “have to be adequate compensation” if she were to agree to Albanese’s price cap proposal.
Asked to quantify the level of compensation Queensland was seeking, the premier said: “We’ll be working through all those issues as you can appreciate a lot of work has been going in on the weekend, and I can’t say anything further until we have the meeting on Wednesday”. The government has been pursuing price caps for coal and gas, and the intervention will also include making the gas industry code of conduct mandatory. Albanese said on Monday it was wrong for energy producers to bank a “massive windfall gain and that somehow that’s occurring at the same time as businesses and people are doing it tough”.Palaszczuk said on Monday east coast gas supply could be increased with better infrastructure if Albanese was prepared to pick up the tab.
So? Let them collapse. Get the government out of energy and get a truly competitive market.
Fixing the result of government intervention with more Government intervention…. What could go wrong?