The terms of reference for the inquiry were announced on 27 March 2017.
On 27 March 2017, the Treasurer directed the ACCC to hold an inquiry into the supply of retail electricity and the competitiveness of retail electricity prices.
ACCC Chairman Rod Sims said events following the ACCC’s April 2016 Inquiry into the east coast gas market have confirmed the Commission’s worst fears.
Speaking in Sydney today at the 5th Annual Australia Domestic Gas Outlook Conference 2017, Mr Sims said, “One year ago at this conference I warned of “…an urgent need for both new and importantly more diverse sources of gas supply into the domestic market.”
“The outlook for gas supply is now even worse than it was a year ago; indeed, our worst fears are being realised,” Mr Sims said.
The Northern Territory has an opportunity to play a significant role in the east coast gas market, ACCC Chairman Rod Sims said at the South East Asia Australia Offshore & Onshore Conference in Darwin today.
“However, for the Northern Territory to realise its potential in the east coast gas market it is imperative we have some onshore gas development. We also need to avoid pipeline charges making the cost of transporting the gas to the east coast prohibitive,” Mr Sims said.
Chairman Rod Sims outlines key findings from the ACCC's recent east coast gas inquiry covering the changing market, gas supply and pipeline regulation. Mr Sims also discusses the potential for gas from the Northern Territory to supply the east coast market.
At the Australian Domestic Gas Outlook Conference in Sydney, ACCC Chairman Rod Sims provides three observations on the operations, intricacies and efficiency of the east Australian gas market.
The Sydney public hearing was held on Monday 31 August 2015.
At this stage there are no further public hearings to be held.