ACCC joins energy hyenas at the Aussie economic carcass

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Feast on our flesh, Rod Sims:

Big Australian energy users face little respite from high gas prices and tight supplies, with greater action needed by producers to lower domestic tariffs, competition regulator Rod Sims will warn today.

East coast manufacturers reliant on gas to power their operations still face the threat of being forced to shut down operations as they struggle to compete with international rivals who can cash in on cheaper energy.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.