NSW Treasurer Daniel Mookhey and Natural Resources Minister Courtney Houssos met with coal mining sector representatives as part of consultations on the future beyond the State’s temporary coal cap.
“These consultations are critical to ensuring we strike the right balance for the people of New South Wales and key industry stakeholders,” Treasurer Mookhey said.
“It is important to meet representatives of the coal mining industry and hear their views on the operation of the coal cap and the future of the sector,” he added.
Following the conclusion of the coal cap, which is slated to expire on 1 July 2024, the NSW Government is reviewing options, including modernising the coal royalty system to guarantee it stays fit for purpose.
“Today’s meeting was productive and together with written submissions will inform the Government’s strategy,” Minister Houssos said.
Minister for Energy Penny Sharpe also met with representatives from coal power station operators.
“The coal caps have played an important role assisting households and businesses with electricity costs. Understanding how the implementation has worked for power stations is important. I thank them for sharing their views as we contemplate future changes,” Minister Sharpe stated.
The consultation process will include an invitation to industry to provide written submissions by 11 August 2023.
According to the State Government, the data from the consultations will help shape the Government’s goals for the second half of the year.
The current system will remain in place until the coal limit expires.
Parliamentary Secretary to the Treasurer David Mehan also took part in the discussions.
