Government action ensures more gas supplies and lower prices
The Turnbull Government’s intervention in the market to ensure more gas for domestic use before it is shipped offshore has averted a previous projected shortfall according to the latest Gas Statement of Opportunities (GSOO) released by the Australian Energy Market Operator (AEMO) today. This follows the Australian Competition and Consumer Commission (ACCC) finding in April that gas prices have fallen by up to 50 per cent.
SOURCE: Department of the Environment ( environment.gov.au ) Licensed from the Commonwealth of Australia under a Creative Commons Attribution 4.0 International. The Commonwealth of Australia does not necessarily endorse the content of this publication