Former competition watchdog boss Rod Sims says the Albanese government could solve the energy price crisis by threatening gas companies with limits on how much they could export, arguing it would prompt the industry to lower prices for Australian consumers and businesses.
Sims said the high gas spot price triggered by Russia’s invasion of Ukraine was the key issue driving an expected 20% increase in retail electricity prices late this year and a 30% jump next year outlined in Tuesday’s federal budget.
