The Latest Breaking News from ACCC

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.

Gas producers are told to prove there will be enough supply for the domestic market next year, or face the threat of export restrictions.

Ricky Barone installed a solar system on his roof in 2014. Since then, it has cost him thousands of dollars and years of sleepless nights. So, who's responsible?

Anthony Albanese has recorded the highest satisfaction rating of any new prime minister, according to a new poll in The Australian. And the ACCC has warned that Australia faces an “alarming” shortage of gas next year.

Here's your quick catch-up for this morning's news.

The competition watchdog has forecast a gas shortfall in the east coast market next year if excess supply is exported, leading to action by the government.

Treasurer concerned after watchdog report warns of ‘substantial risk’ to nation’s energy security