Pre-Xmas sitting to help ease power bills

December 19, 2022 04:18 PM AEDT | By AAPNEWS
Image source: AAPNEWS

The NSW parliament will sit in the lead-up to Christmas to debate legislation related to the Commonwealth's national plan to slow runaway energy bills.

Premier Dominic Perrottet said MPs would be recalled on Wednesday to consider amending an existing bill, allowing the government to force coal and gas companies to cap prices. 

The Commonwealth passed its new energy laws introducing a cap on gas prices at $12 a gigajoule, a mandatory code of conduct for the gas market and the roll out of power bill support for welfare recipients last week. 

The NSW legislation will empower the state government to cap the coal price at $125 a tonne, Mr Perrottet said Monday. 

The premier, who is on leave, will return to support the legislation as it's debated in the house.

"The cap on coal and gas prices will help drive down the cost of energy for households and businesses in NSW, with commonwealth modelling showing that the caps will provide an estimated average saving of $230 per household," he said.

NSW Labor says it will offer bipartisan support and is committed to the full implementation of the federal blueprint. 

However leader Chris Minns said his party would use the extra day in parliament to introduce its own bill, aimed at cutting costs for renters.

The bill would ban secret rental bidding by prospective tenants, allow them to transfer bonds from one property to the next and establish an independent rental commissioner to advocate on their behalf.

"NSW Labor has offered bipartisan support to deal with the national energy package and we urge the government to support Labor's plan to make renting fairer," Mr Minns said.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.