Energy Sector Calls on Government to Abolish Wholesale Gas Price Caps

The Australian oil and gas industry has called on the federal government to remove the wholesale gas price cap to prevent shortages across the country.

This comes after a recent report by the consumer watchdog indicated that southern states would be subject to significant shortages as early as 2027.

In a submission, the Australian Energy Producers (AEP), a peak industry body, urged the government to use the 2024-2025 federal budget to end the market intervention measures it introduced in the 2022-2023 financial year.

Read Full Article Here
 
Old gas hob by Myko M is licensed under Unsplash unsplash.com

Follow us

Read our latest news on any of these social networks!

Get latest news delivered daily!

We will send you breaking news right to your inbox


Have a tip? Let us know!

Recent Articles

...
Nikki Haley Wins Her First GOP Primary, Beats Trump in Deep-Blue Washington D.C.

Nikki Haley landed her first primary win in the nation’s capital, breaking Trump’s winning streak as he marches towards the GOP nomination.

...
US Supreme Court Ruling on Trump Ballot Case Could Come on March 4

The court issued a rare and unusual update on Sunday its schedule, drawing speculation it could relate to the ballot challenge.

...
Trump’s 2024 Election Delegate Count Surges, Bringing Him Closer to Nomination

It takes 1,215 delegates to win the GOP nomination for president.

...
Biden Set to Make Rare Visit to Southern Border, Amid Escalating Immigration Crisis

This would be the president’s second trip to the border.