Forecast gas shortfalls in Australia should prompt action, not panic: energy market regulator

Gas energy supply shortfalls could hit consumers this winter.

The Australian Energy Market Operator warned of risks to gas supply in eastern states unless more production is set aside specifically for domestic use. "We've seen wholesale prices essentially be half of what they would have been and what was predicted at the time of the October budget. "The point of this report is not to make consumers worry or industry worry. Frankly, it's about providing a fact base," he said.

They've worked out that reduced supply equates to increased charges at the end user. Regardless of the monumental stock they have. The new post covid business model and it's being copied everywhere.

LOL, there is no shortage of gas produced in Australia, the issue is the amount retained for local use versus what is exported.

zalisteggall any comment 🥴🥴🤡🤡🥴🥴🤡🤡🤡🥴🥴🥴

Coal is best and cheapest. Why are we eradicating coal? There's no catastrophic global warming

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Source: SkyNewsAust - 🏆 7. / 78 Read more »