Labor to extend $12 gas price cap with exemptions
Labor now proposes to extend its cap on wholesale gas prices but may grant exemptions in a bid to prevent gas investment stalling.
Stay updated with breaking news from Flickers Australia. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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.