Gas companies will be ‘destroying demand’ in the long term by not taking on new customers
“Not all but many gas users have an opportunity to use electricity and if they can’t get gas at reasonable prices … then they will switch,” Ms Reeve told Sky News Australia.“It’s really not in the gas companies’ interests to try and hold the domestic market to ransom.”
Price caps = production falls = supply pressures = higher prices for longer. Economics 101. Labor’s intervention has made itself responsible for pricing & supply. Comical. 🍿
Albanese is destroying the gas industry being in thrall to the green lobby.
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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.”
Fuente: SkyNewsAust - 🏆 7. / 78 Leer más »
Gas companies refusing new customers due to 2024 govt ‘code of conduct’ negotiationsGas companies are not taking on new customers due to mandatory “code of conduct” negotiations with the government for 2024, Grattan Institute Energy Deputy Program Director Alison Reeve says. “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. “As yet, people don’t have the detail around the code of conduct.” So what's in that code? 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.
Fuente: SkyNewsAust - 🏆 7. / 78 Leer más »
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.
Fuente: SkyNewsAust - 🏆 7. / 78 Leer más »