Competition watchdog examining energy market interventions including possible price caps

War-induced price shocks being felt by households and businesses require government to step in, Treasury says

The Albanese government will receive advice on possible interventions in the energy market as early as next week, including potential price caps, bargaining provisions for smaller energy users, and a legally binding code of conduct for the gas sector.

At Senate estimates on Thursday, the Australian Competition and Consumer Commission said it was preparing advice on a range of options for a new mandatory code of conduct for the sector, along with guidance on other regulatory gaps" in the market.

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