Gas market trigger won’t fix ‘bin fire’ left by Coalition, energy minister Chris Bowen says
by Peter Hannam from on (#5ZX7E)
Bowen says mechanism designed to limit energy price rises, if used, would have no impact until next January
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The Albanese government has ruled out the early use of a gas market mechanism set up by the Turnbull government to limit energy price rises, saying it could not be activated until January and was not designed to cap prices.
The Australian domestic gas security mechanism was set up in 2017, and could not come into operation without consultation with the industry, new climate and energy minister Chris Bowen told his first media conference after being sworn in yesterday.
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