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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Energy Sector Calls on Government to Abolish Wholesale Gas Price Caps
- by: Alfred Bui
- 02.04.24
- Source:
The Epoch Times
- 02/05/2024
Old gas hob by Myko M is licensed under Unsplash unsplash.com
Old gas hob by Myko M is licensed under Unsplash unsplash.com
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