The Australian Government has directed the ACCC to commence a 12 month public inquiry into the competitiveness of wholesale gas prices in Eastern and Southern Australia.
“The ACCC will be considering competition levels on the East Coast upstream gas market – the producer, processor, pipeline, and wholesale levels of the market.” ACCC Chairman Rod Sims said in a statement.
The ACCC will be distributing an Issues Paper in May this year and will be calling for public submissions.
This inquiry is due to report to the Government by April 2016.
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Source: ACCC (13/04/15)