EUAA Submission: ACCC Proposed Determination Under The Gas Market Code
Emily Wood | December 6, 2023
‘…The EUAA has been a strong supporter of the Gas Market Code (the Code) because our members have seen first had the exercise of market power by gas suppliers. The market our members have been operating in, and which has been highlighted by successive ACCC Gas Reports, is far from the Code’s purpose:
“…to facilitate a well-functioning domestic wholesale gas market with adequate supply at reasonable prices and on reasonable terms for both suppliers and buyers.”
We were pleased to see the Code legislation finally pass Parliament last week.
Transparency is a necessary, but not sufficient, condition for this purpose to be fulfilled. While important for the ACCC’s compliance and enforcement role, it is also crucial for public support for the Code….’
Please download attachment to read full submission.
