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AAP
AAP
Business
Dominic Giannini and Tess Ikonomou

Cabinet backs in energy market changes

Chris Bowen Australia AEMO Australian Energy Market Operator
Chris Bowen says solutions agreed to at a crisis meeting will have an "early effect" on gas prices. (AAP)

Energy Minister Chris Bowen says solutions agreed to at a crisis meeting and federal cabinet will have an "early effect" in fixing soaring gas prices.

The energy market operator will have powers to buy and store gas, while the scope of regulators will be boosted to ensure transparency in the sector, under an 11-point plan agreed to at a meeting with state ministers on Wednesday.

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