‘Longer term’ confusion on gas price caps as market prematurely stabilises

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There is a lot of confusion amongst energy producers about how the government’s price cap response is going to work “in the longer term,” according to The Australian’s Environmental Editor Graham Lloyd.

“If you look at prices in Europe, where they were very, very high because of the interruption from supplies from Russia, that shortfall has been taken up largely by the United States.

“So gas prices in Europe are about 25 per cent of what they were at the peak and half the price they were in December.” He said with the government’s further discussions on price caps to still continue, “the gas producers may just say ‘well, look, we’ll put our money somewhere else”.

 

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Confusion = no investment = less energy = higher prices

Price caps don't work. UK did it last August and just keeped raising the cap.

i don't care what their confusion is just make power affordable. all this bullshit talk of clean cheap energy.... so where is it?

The only confusion is 'how can they rip us off' when the Government is now calling the shots.

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