EUAA Submission: Options To Improve The ADGSM
Emily Wood | August 22, 2022
‘…As we have observed recently, the lack of affordable gas was a significant contributor to the National Electricity Market suspension as gas fired generators withdrew bids as they could no longer cover fuel costs under an administered price cap of $300MWh. We are also observing a significant increase in the cost of many everyday items at the supermarket. The cost of producing everything from pasta sauce and other processed foods through to beer and toilet paper has gone up due to unsustainably high gas prices, feeding the surging cost of living pressure being felt by households and business alike.
Given what is at stake, we welcome this opportunity to provide a submission to the ADGSM review and hope that it signals the start of a broader set of meaningful gas market reforms that puts the domestic gas user and national interest at the centre of policy and regulatory design…’
Please download attachment to read full submission.
