State government sources’ figure comes on top of estimate of up to $450m for Queensland plant
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Coal power stations in New South Wales are set to receive $500m in price-cap compensation, according to state government sources, further fuelling fears payouts are nearing $1bn.
The compensation figure for NSW’s power producers comes on top of an estimate of up to $450m for Queensland’s Gladstone plant, a figure the prime minister, Anthony Albanese, disputed in December before the state’s premier, Annastacia Palaszczuk, appeared to contradict him.