EUAA Submission: Gas Market Parameters Review
Emily Wood | October 7, 2022
‘….Our members have had firsthand experience of the dysfunctional east coast gas market that has been highlighted by many recent ACCC gas reports eg dramatically rising prices particularly in the last 12 months, lack of competition for supply, significant fall in the availability of supply from Bass Strait, various State government restrictions on new gas development and pipeline owners potentially exercising monopoly power. We are also well aware of the need to decarbonise the energy supply chains and the impact of polices like the Victorian Gas Substitution Roadmap.
While members generally rely on term contracts for their supply, a number do operate in the various trading markets that are the subject of this review. We recognise the important role AEMO plays in ensuring the efficient operation of the gas trading markets, particularly in an environment where various stakeholders may be able to exercise market power….’
Please download attachment to read full submission.
