Energy

Gas inquiry September 2017 interim report

On 25 September 2017, the ACCC released its first interim report of its inquiry into gas supply arrangements in Australia. The report focuses on likely supply and demand conditions in the east coast gas market for 2018.

Gas inquiry 2017-2020

On 19 April 2017 the Australian Government directed the ACCC to conduct a wide-ranging inquiry into the supply of and demand for wholesale gas in Australia, as well as to publish regular information on the supply and pricing of gas for the next three years.

Keeping the lights on: Australia’s energy affordability crisis

Energy affordability issues are already hitting the manufacturing industry in Australia hard, ACCC Chairman Rod Sims told the National Press Club in a lunchtime address today.

The ACCC is currently conducting inquiries into both the affordability of retail electricity, and gas market supply and demand.

“We at the ACCC have been sounding the alarm in relation to business energy costs for some time. It is great that there is now considerable focus on this issue,” ACCC Chairman Rod Sims said.

Submissions

The ACCC released an issues paper on 31 May 2017 seeking feedback on pricing, competition and customer issues. Submissions to the issues paper closed on 30 June 2017.

Lumo Energy pays penalty for alleged energy offer misrepresentations

Energy retailer Lumo Energy Australia Pty Ltd (Lumo) has paid a penalty of $10,800 after being issued with an infringement notice by the ACCC.

The ACCC issued the infringement notice because it had reasonable grounds to believe that Lumo had contravened the Australian Consumer Law by making a false or misleading representation about energy discounts.