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Gas market reform and increased supply urgently needed to reduce damaging impacts of higher gas prices
An alliance of six industry associations has today released the first comprehensive analysis of the impact of rapidly escalating gas prices on the Australian economy. The report projects significant negative impacts on Australia’s manufacturing sector and adverse effects extending to the mining, transport and agriculture sectors. These are significantly larger than the output impacts of […]
Carbon Tax Repeal Positive Step In Energy Reform
Energy Users welcome the end of the political debate as the Carbon Tax Repeal legislation passed through Parliament earlier this week, however urge the Government to continue energy policy reform to ensure affordable energy. ‘During the first nine months of the carbon tax our members experienced significant cost increases,’ said Brian Green, Chair of the […]
Energy users to maintain watchful eye on acquisition impact
Energy users are disappointed by the authorisation of the acquisition of Macquarie Generation by market giant AGL, announced late yesterday afternoon by the Australian Competition Tribunal following opposition posed by the ACCC. AGL, Origin Energy and Energy Australia possess over 80% of the electricity retail market share. The EUAA voiced concerns in a submission to […]
Incentives for Privatisation of Government Power Assets
The Energy Users Association of Australia (EUAA) today calls on the Commonwealth and State governments to reach agreement on a plan to privatise state-owned power assets. Providing extra funding to states in exchange for selling state-owned assets including electricity generators is the key to unlocking the inertia in further privatisation. The announcement comes ahead of […]
Energy price uncertainty destroying Australian investment incentives
The Energy Users Association of Australia (EUAA) today released a Scoping Study on the Economic Impact of High Gas Prices. The Study explores the potential impact of high gas prices on Australian industry and the wider Australian economy. ‘Our members are the some of the highest users of gas in the country,’ said Phil Barresi, […]
Growing Calls for National Economic Interest Test
“The time is right for the federal government to embrace a National Economic Interest Test (NEIT) as one part of the solution mix in addressing the tightening of gas supply in Australia”, said Mr Phil Barresi, CEO of the Energy Users Association of Australia. Speaking at the Australia Domestic Gas Outlook Conference in Sydney yesterday, […]
Energy Prices Scrutiny Welcomed
Energy users welcome the Minister for Small Business and the ACCC’s announcements of increased ACCC vigilance on energy prices as affected by the abolishment of the carbon tax. ‘Our members are at the forefront of impacts of energy policy and pricing,’ said Phil Barresi, CEO of the Energy Users Association of Australian. ‘Last year, we […]