ACCC releases final retail electricity pricing report

ACCC Chair Rod Sims

ACCC Chair Rod Sims

The final report into retail electricity pricing from the Australian Competition and Consumer Commission (ACCC) has found government moratoria on onshore gas exploration and development has “stifled the availability of gas at a low price”.

The inquiry, which was commissioned in 2017 by Federal Treasurer Scott Morrison, found that the onshore gas bans, in addition to LNG exports from eastern Australia, have increased the price of the commodity at a time when gas powered generation is more important, after the closure of coal-fired power stations.

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