ACCC Gas Inquiry April 2018 Interim Report

By Anne Wardell, Compliance Quarter.  The Australian Competition and Consumer Commission (ACCC) has released its third interim report in relation to gas supply arrangements in Australia; Gas Inquiry April 2018 Interim Report (the report). The report covers three topics: an update on gas prices, which confirms the recent fall in gas commodity price offers for 2018 and 2019 and that prices struck under gas supply agreements (GSAs) remain generally higher in the Southern States than in Queensland; the ACCC decision to publish on its website an LNG netback price series to improve gas price transparency and assist commercial and industrial (C&I) users in negotiating for gas supply; and the ACCC assessment of new reporting in relation to transportation services for non-scheme pipelines, which questions whether early information on standing offers…
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