Antitrust Alert: ACCC Highlights C&I Users' Need For More Affordable Electricity and Gas
This follows an announcement by the ACCC that, to improve transparency, it will start publishing liquefied natural gas "netback" prices. Netback price is the cost of natural gas in the domestic market, being the export price for LNG, minus the costs incurred by the producer up to the LNG sale point (including transporting, processing, and shipping costs). The ACCC and Australian Energy Market Operator ("AEMO") have also warned that Australia may face a significant gas shortfall in the first half of 2018 if supply is not increased.
The ACCC is focused on producing a report by the middle of the year on how to improve electricity affordability for Australian businesses and consumers. The report will be part of the ACCC's three-year gas inquiry, and follows its interim reports published in December 2017 and April 2018. It will make recommendations on networks, environmental schemes, generation, and retail.
Lawyer Contacts
For more information, please contact your principal Jones Day representative or either of the lawyers listed below.
Prudence Smith
Sydney
+61.2.8272.0593
prudencesmith@jonesday.com
Andrew Smith
Brisbane
+61.7.3085.7065
andrewsmith@jonesday.com
Jones Day prepares summaries of significant antitrust enforcement, litigation, and policy events as a service to clients and interested readers, to provide timely insight on antitrust and competition law developments relevant to business, but not as legal advice on any specific matter. Please visit our Publication Request form to add your name to our distribution list.
