The Latest Breaking News from ACCC

Advocates of a $1 billion expansion of Senex Energy's Surat Basin gas development say the "mostly domestic" supply will reduce energy prices in coming years, but not everybody is convinced.

Surging gas prices are putting a strain on Australian businesses that are calling for governments to step in and take action.

Petrol prices in Darwin are still up towards the $2 mark, despite recent drops in other states, and the pain at the pump is even worse in Alice Springs.

Australians are being "dudded" by stagnating NBN upload speeds far below the top rates advertised in their internet plans, new data reveals.

A secret campaign to slow the progress of electric vehicles in Australia was put in place by the car industry, and NSW Premier Dominic Perrottet promised his then transport minister David Elliott a trade role.

The Albanese government has accepted the Australian Competition and Consumer Commission’s recommendation to “initiate the first step” to trigger the controversial Australian Domestic Gas Security Mechanism to avert a supply crisis in eastern Australia.

Relying on central banks to support growth by printing money is clearly not viable because of what that does to inequality. Government will have to step up.

Gas resources vital to national interest

Australia’s east coast gas crisis is set to sharply worsen. A new report from the Australian Competition and Consumer Commission (ACCC) notes supply conditions will deteriorate significantly in 2023 if no action is taken. The 56 petajoule shortfall is huge – equivalent to around 10% of domestic demand.

Who’s responsible for the looming gas supply crisis the ACCC has warned about? A cartel of mostly foreign gas suppliers exploiting market power.

Gas companies making billions of dollars in windfall profits by exporting Australian gas overseas could soon be reined in by the federal government.