Australian Government to Grant Regulators More Powers to Tackle Energy Crisis

Australian open cut mine in the Latrobe Valley, 150km east of Melbourne, Australia, on Sep. 30, 2015. Paul Crock/AFP/Getty Images

Australian energy ministers at state and federal levels have agreed to strengthen the powers of energy regulators and allow the market operator to obtain and store gas supplies to curb the energy crisis.

Federal Energy Minister Chris Bowen convened a meeting with his state and territory counterparts on June 8, in which they put forward 11 action points.