Energy

East coast gas market still tight

The east coast gas market is unlikely to experience a shortfall in 2020 but supply remains tight and more development and production is needed, the ACCC says in its seventh Gas Inquiry Report, released today.

The ACCC has found that a gas supply shortfall in the east coast gas market in 2020 is less likely than it was for 2019, mainly because east coast producers expect to produce more gas, about 113 PJ, than in 2019.

July 2019 interim report

On 22 August 2019, the ACCC released its seventh interim report as part of its inquiry into Australia’s gas supply arrangements. The report continues the ACCC's focus on the operation of the East Coast Gas Market, where there are immediate and longer-term concerns.

Dodo and CovaU to refund customers and pay penalties over energy discount claims

M2 Energy Pty Ltd (Dodo) and CovaU Pty Ltd (CovaU) have paid penalties totalling $37,800 and $12,600 respectively after the ACCC issued each energy retailer with infringement notices for alleged misleading claims about discounts available on their energy plans.

Dodo and CovaU have both committed to refund affected customers.