EUAA Submission: Gas Market Review Consultation Paper
Emily Wood | August 15, 2025
DCCEEW is reviewing the ADGSM, HoA and Code of Conduct to implement a wholistic approach to achieving a competitive gas market. Currently, consumers are paying for the lack of a competitive market.
‘… The EUAA have long advocated for significant changes to the domestic gas market to deliver better outcomes for Australian businesses and households. The Gas Market Review comes at a critical time for Australia’s large commercial and industrial energy users as they deal with multiple threats, including the difficulty in sourcing competitively priced gas, offered on fair and reasonable terms.
After a period of uncertainty, there is now widespread support for a continuing role for gas in terms of both electricity generation and as an input to manufacturing industry that supply products consumers use every day. Unfortunately, the market has failed to supply gas at competitive terms and conditions despite well-meaning government intervention over many years, most recently with the Heads of Agreement and Mandatory Code.
We have the opportunity to try again to develop a regulatory framework that can stand the test of time, can be adaptive to future market changes and produce an outcome that appropriately balances the interests of both buyers and sellers.
The message from EUAA members is clear. The outcomes of this Gas Market Review must:
- Establish a lasting policy and regulatory framework that is consistent with the long-term interests of consumers.
- Deliver a domestic gas market that works for both buyers and sellers
- Develop a unified intent and purpose of the ADGSM, HoA and Code of Conduct
- Establish the basis for a government framework to support a material increase in domestic supply, transportation
- Establish the basis for a prospective domestic gas reservation policy
- Establish the basis for an LNG export licence in anticipation of existing LNG contracts beginning to expire from 2030 onwards
Achieving these outcomes will involve both a short term (immediate relief) package of policies that may have a specific sunset date and medium to longer term (structural reform) policies. The former will be more directly interventionalist given the situation we now face. We also comment on what should not be done drawing on the lessons of the last two years….’
Please download the attached document to read the full submission.
