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The Guardian - AU
The Guardian - AU
National
Katharine Murphy and Sarah Martin

Federal budget: Jim Chalmers flags intervention in energy market as prices surge

Australian treasurer Jim Chalmers speaks during his post-budget address in Canberra
Jim Chalmers says high gas prices are ‘smashing industry’ and is leaving open the possibility of a gas price trigger to divert supply to the domestic market. Photograph: Lukas Coch/AAP

The Albanese government has asked the competition watchdog to review the code of conduct covering the gas industry and recommend options to toughen the current regime in the hope of delivering energy price relief to households and businesses.

The Australian Competition and Consumer Commission confirmed it had new riding instructions from the government after the treasurer, Jim Chalmers, on Wednesday flagged fresh government intervention in the energy market.

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