“It’s actually not because of the price cap; it’s because of the mandatory code of conduct which is still being negotiated with the government,” Ms Reeve told Sky News Australia.
“Most companies on the east coast who are big buyers of gas have already contracted their gas for 2023, where this problem is about not writing contracts is for 2024 and that’s because that’s after the price cap hopefully comes off and we’re into code of conduct world.
These companies are playing games so let us nationalise all of the gas companies and see what games they play. No compensation just take it off them.
So what's in that code?
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ACCC places a ‘lot of effort’ into addressing gas market contract complexitiesA 'lot of effort” goes into the ACCC addressing gas market contract complexity, Grattan Institute Energy Deputy Program Director Alison Reeve says. “The ACCC has gone to a lot of effort to address some of the complexity we get in gas markets,” Ms Reeve told Sky News Australia. “Gas contracts can take lots of different shapes, and there’s a diversity of supplies and also diversity of customers in the market. “They can’t come up with a one-size-fits-all solution.”
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Gas industry body takes aim at 'complex' market interventionThe head of a leading gas industry body has raised concerns about the price caps which were rushed through by the government in Parliament last year as fears of supply shortages grow. Blackout Bowen. You know what journalism is? It’s questioning the motivations of ‘industry bodies’ before reporting their comments as facts.
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