Business
‘Unacceptable’: East-coast gas giants overcharging local buyers – Sydney Morning Herald
Australia’s gas giants are charging local customers higher prices than overseas buyers, threatening the government’s goal of a ‘gas-fired’ COVID-19 recovery.
We found only limited references by suppliers to the pricing behaviour of competitors. Based on our experience in other sectors and our competition enforcement and mergers work, we would expect to see this in a well-functioning market.
The Morrison government has made a priority of driving down the price of domestic gas, which has increased three-fold in recent years and pushed some local manufacturers to breaking point. As energy often ranks as one of the manufacturing sectors top operating costs,…
-
Noosa News19 hours agoGippsland livestock agent Nathan Gibbon jailed for defrauding exporting companies
-
Noosa News19 hours agoTax office launches probe into case with devastating outcome
-
Noosa News22 hours agoCommonwealth Bank executive Christopher James McCann gets bail after being charged with grooming girls for sex
-
Business22 hours agoHow I’m preparing my ASX earnings season watchlist