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This gazette
Administered by: Treasury
Published Date 21 Apr 2015

 

Notice of inquiry into gas markets

The Australian Competition and Consumer Commission (ACCC) has been directed to hold an inquiry into the wholesale gas industry under Part VIIA of the Competition and Consumer Act 2010.

The inquiry will examine the competitiveness of wholesale gas prices and the structure of the upstream, processing, transportation, storage and marketing segments of the gas industry.

The inquiry may include but not be limited to Victoria, New South Wales, the Australian Capital Territory, South Australia, Queensland and Tasmania. 

The matters the inquiry will take into consideration will include:

·         the availability and competitiveness of offers to supply gas and the competiveness and transparency of gas prices

 

·         the competitiveness of, access to, and any restrictions on market structures for gas production, gas processing and gas transportation

 

·         the significance of barriers to entry into the upstream production sector

 

·         the existence of, or potential for, anti-competitive behaviour and the impact of such behaviour on purchasers of gas; and

 

·         transaction costs, information transparency including gas supply contractual terms and conditions, and other factors influencing the competitiveness of the markets.

The inquiry will not examine competition in retail gas markets.

The ACCC will provide its report to the Minister for Small Business no later than 13 April 2016.

Conduct of the inquiry

The inquiry will commence on the date of publication of this notice in the Gazette.

The ACCC will soon establish a section for this inquiry on its website (www.accc.gov.au) and release an issues paper.

The ACCC will invite written submissions on matters identified in the issues paper and other issues relevant to this inquiry.  The issues paper will explain how submissions should be provided to the inquiry.

The ACCC is likely to hold public hearings for the purposes of the inquiry. The times and locations of any public hearings will be determined and published at a later date.