ACCC Chair Rod Sims addresses the 2019 AFR National Energy Summit about Australia’s electricity and gas affordability.
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.
ACCC Chair Rod Sims delivers a welcome address to the ACCC & AER Regulatory Conference. Mr Sims reflects on the history of the conference as well introducing some of the ACCC’s current views on the state of economic regulation in Australia.
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.