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.

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Old gas hob by Myko M is licensed under Unsplash

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