The acccgovau has posted guidelines for gas companies relating to the gas price cap introduced in Australia at the end of last year legislation energy EnergySupply resources APPEALtd
PERTH – The Australian Competition and Consumer Commission has released interim compliance and enforcement guidelines for the gas industry on the new Gas Market Emergency Price order.
“Our guidelines are intended to support the gas industry with their obligations to comply with the new laws, so the country experiences the intended benefits from these emergency measures,” ACCC chairperson“While our primary objective is to achieve compliance with these laws, we are ready to exercise our enforcement powers in response to any alleged contraventions, particularly if we become aware of conduct that may be intended to circumvent the price cap.
The price cap generally does not apply to supply contracts entered into before December 23, 2022 but may apply if a price provision in an agreement for supply in 2023 is varied. The price cap does not apply to sales of gas intended for international export.Samantha McCulloch She said during a doorstop interview that the industry body would be working through the guidelines to determine if it provided the clarity needed by the industry to move forward.
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