Energy Sector Calls on Government to Abolish Wholesale Gas Price Caps

Energy producers believed it was time for the government to lift restrictions on the market to ensure sufficient gas supply for Australia’s east coast.

Blue flames rise from the burner of a natural gas stove in Orange, Calif., on June 11, 2003. David McNew/Getty Images

The Australian oil and gas industry has called on the federal government to remove the wholesale gas price cap to prevent shortages across the country.

This comes after a recent report by the consumer watchdog indicated that southern states would be subject to significant shortages as early as 2027.