Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 3AW account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 3AW content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 3AW online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

ACCC explains ‘triple-whammy’ that is driving up domestic gas prices

Tom Elliott
Article image for ACCC explains ‘triple-whammy’ that is driving up domestic gas prices

The ACCC says consumers are paying for a ‘triple-whammy’ of factors driving up gas prices.

On Wednesday, Tom Elliott heard that gas suppliers in Australia were acting like a ‘cartel’ in controlling prices. 

But ACCC Chairman Rod Sims said that isn’t the case, and would be the ACCC’s top priority if it was.

Mr Sims told Tom there are three events that have come together to inflate domestic gas prices:

  1. Three big, concurrent LNG (liquefied natural gas) projects with a massive demand for gas
  2. Uncertainty over future prices
  3. Moratoriums on new gas development

Click play for the full story

Tom Elliott
Advertisement