Flickers Australia News Today

Labor now proposes to extend its cap on wholesale gas prices but may grant exemptions in a bid to prevent gas investment stalling.

Some small industrial gas users are still dealing with month-by-month supplies at high prices, almost four months after the cap on wholesale prices was imposed.

Shell is said to be fielding more bids for gas than it can supply as the east coast market remains in disarray after the government’s market intervention.

Small Australian manufacturers have months of elevated gas prices as the market waits.

Some small industrial users of gas are being forced to pay higher – rather than lower – prices for gas this year after the government’s market intervention.

Prices have come down at the key Queensland hub, but there’s no sign yet of that flowing through to small gas-based manufacturers.

Treasurer Jim Chalmers has revealed the government is working on a new plan to try to force down domestic gas prices, but has resisted pressure for new cost-of-living relief in this month’s budget.

Manufacturers slugged with huge price increases for natural gas after the failure of their retailer Weston Energy last month have been unable to source alternative supplies

An Environmental Protection Authority (EPA) report released at a recent community session has revealed that more than a quarter of […]