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AAP
AAP
Politics
Poppy Johnston and Dominic Giannini

Gas cap rules 'sound and workable': ACCC

The consumer watchdog is confident gas producers have enough information to start abiding by the government's $12-a-gigajoule price cap designed to keep gas prices in check.

The Australian Competition and Consumer Commission issued advice about the new rules after gas producers were found to be suspending new contracts with retailers until they had more detail about how the price cap should work.

But major gas players still have concerns about the regulations and are concerned about misstepping and attracting multi-million-dollar fines.

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