Australian Energy Market Operator says eastern and south-eastern states could face even higher energy prices and a falling gas supplyAustralia’s eastern states face an energy shortfall three times higher than forecast, with gas supply predicted to fall well short of what is needed unless action is taken, potentially meaning further export controls. The Australian Energy Market Operator has reported next year’s gas supply shortfall could be “higher than expected” which could lead to even higher energy prices for eastern and south-eastern Australia, particularly for industry, which accounts for almost 40% of gas usage. The government has a mechanism which would keep more gas onshore for domestic use and earlier this year started the process to enact it. Bill Shorten demands gas market transparency to tackle 'energy crisis' Read more“It is a process of careful consultation,” Turnbull said on Monday. “They haven’t bothered to get into that sort of detail, too much hard work I suspect,” he said.

Source: The Guardian September 25, 2017 04:49 UTC