ACCC to report on gas market transparency

ACCC Chairman Rod Sims

ACCC Chairman Rod Sims

The Australian Competition and Consumer Commission (ACCC) will use its inquiry powers, including its ability to compulsorily acquire information, to increase transparency and address opaqueness in the gas market.

The ACCC will provide regular information to the market over the next three years on the supply and pricing of gas under a broad reference from the Federal Government.

“This new measure is an important element of the Government’s plan to make sure more affordable gas is available to industry and consumers,” said ACCC Chairman Rod Sims.

“The inquiry will examine how gas suppliers will make more gas available to Australian industry and other domestic gas users, and the effect this has on overall market dynamics.

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