ACCC signals crackdown on gas retailers as next target on prices

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 90%

United Kingdom United Kingdom Headlines News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Industry figures say Victoria’s attitude is raising energy prices and emissions and preventing the closure of coal power stations

The Victorian government’s “demonisation” of gas has driven up carbon emissions by preventing the closure of coal power stations, large industrial energy users say.

Ms Brakey said the ACCC’s review into the practices of gas retailers – prompted by concerns among industrial gas users about the prices and terms of supply – found that despite improvements last year, “some retailers’ standard selling practices do appear to fall short of what we would expect in a workably competitive market”.

Ms Brakey also offered some hope for gas buyers more broadly that softer prices could be in the offing because of a pull-back in local and global spot rates.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australian Energy Minister Rejects Idea of Nuclear IndustryThe energy minister, Chris Bowen, dismisses the idea of establishing a nuclear industry in Australia and criticizes the opposition's plan to give up on renewables.
Source: GuardianAus - 🏆 1. / 98 Read more »