Gas price caps haven’t been silver bullet the Albanese government was hoping for

Industry behaving like a ‘bunch of bullies’ and potentially withholding supply, users say, while producers argue intervention has ‘paralysed the market’

Strains in the gas market have not been eased by the Albanese government’s price caps imposed late last year, with an industry group claiming supply shortages remain while the peak gas lobby is warning the sector has become “virtually paralysed”.

One month on from the government’s rare intervention to limit domestic gas prices to $12 a gigajoule and black coal to $125 a tonne, big commercial gas users are hoping new compliance guidelines to be released soon by the Australian Competition and Consumer Commission will force suppliers to provide an adequate supply.

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