Via the AFR:
Competition tsar Rod Sims says there is “no reason” why east coast gas prices should not as low as $7 a gigajoule and has told producers they still risk driving domestic customers out of business by failing to put enough importance on the local market.
Gas prices at $7 “would make an enormous difference”, the Australian Competition and Consumer Commission chairman said, again voicing fears that several more manufacturing plants on the east coast would close because of soaring energy tariffs.
