Tense energy standoff as deadline looms

Wednesday’s nationwide cupboard assembly is shaping as much as be a tense affair, as Queensland Premier Annastacia Palaszczuk stands agency on her opposition to the federal government’s deliberate fuel worth caps.

Ms Palaszczuk says she can’t help the proposed plan except she is “very convinced that no Queenslander would be worse off.”

It comes as South Australian Premier Peter Malinauskas throws his help behind nuclear power.

Prime Minister Anthony Albanese is beneath mounting strain to discover a resolution to Australia’s power disaster, and the mounting payments, earlier than Christmas.

His plan to cap costs on coal, which might influence royalties for Queensland and NSW, has nevertheless been met with fierce opposition from each state premiers, who argue the federal government would wish to make sure there was sufficient compensation for the state.

QUEENSLAND PARLIAMENT
Camera IconQueensland Premier Annastacia Palaszczuk says if Prime Minister Anthony Albanese was to forge forward along with his proposal for a fuel worth cap, Queenslanders must be correctly compensated. NCA NewsWire / Sarah Marshall Credit: News Corp Australia

Ms Palaszczuk stated once more on Monday she had “set down our parameters”.

“There would have to be adequate compensation … we would have to be very, very convinced that no Queenslander would be worse off,” she stated on Monday.

Meanwhile, Mr Malinauksas has advised The Advertiser he hopes the Adelaide-based submarine development, as a part of the AUKUS pact, will put to mattress “ill-founded” myths about nuclear power.

“Nuclear power is a source of baseload energy with zero carbon emission. So, for someone like myself, who is dedicated to a decarbonisation effort, I think we should be open-minded to those technologies and I think it would be foolhardy to have a different approach,’ he told the paper.

The federal government does not support nuclear energy, with Environment Minister Tanya Plibersek reaffirming that position on Monday morning.

“(Nuclear energy) is slow to build and is really expensive. All this nonsense about small-scale nuclear reactors every summer … I don’t know if there are people in your street who want a nuclear reactor in the local park, but here in Rosemary, that is not the case,” she advised Channel 7.

Prime Minister - Riverland
Camera IconSouth Australian Premier Peter Malinauskas has come out in help of nuclear power, which is at odds with federal Labor. The Advertiser/ Morgan Sette Credit: News Corp Australia

Nationals senator and advocate for nuclear power Matt Canavan stated Ms Plibersek’s argument was the rationale payments have been “through the roof”.

“Young Australians are quite open to nuclear power and the nuclear industry,” Senator Canavan stated.

In addition to making an attempt to get premiers over the road to carry the coal business into line, Mr Albanese is predicted to unveil particulars of a brand new necessary code of conduct for fuel producers this week.

It’s anticipated it will embrace new laws focusing on home fuel sale income.