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Warning signs ignored so price shocks inevitable

February 28, 2017

Energy Users Association of Australia (EUAA) CEO Andrew Richards today called on governments and regulators to work more closely with industry to repair the damage to energy markets before Australia’s economy is changed permanently.

“Large energy users have been warning governments and regulators for many years that energy markets were heading down a dangerous path,” said Mr Richards. 

“Today’s AIG report ‘Energy shock: No gas, no power, no future? shows those warnings have come to fruition with energy and gas prices skyrocketing. Without urgent attention this may become the ‘new normal’ and this would be bad news for everyone in Australia, not just large users.”

Click here to read the complete EUAA press release.

 

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