Kicking the gas can down the road: why a gas price cap is the worst way to protect energy consumers.
- Written by Ariel Liebman, Ariel Liebman Director, Monash Energy Institute and Professor of Sustainable Energy Systems, Faculty of Information Technology, Monash University
Gareth Fuller/PA via APThe federal government’s plan to extend the gas price cap is not surprising, given fundamental market issues remain.
For as long as the war in Ukraine continues, Australian gas will attract premium prices overseas. So the “temporary” $12 per gigajoule cap on wholesale domestic prices – intended to...
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