Australian Competition and Consumer Commission finds evidence gas pipeline operators engaging in monopoly pricing Gas suppliers on the east coast of Australia hold used a market restructure to hike prices on domestic consumers and there is evidence pipeline operators hold set monopoly prices,the competition watchdog has said.
The lack of competition in gas supply even warrants consideration of whether joint marketing by one of the largest suppliers, the Gippsland Basin joint venture between Esso Australia and BHP Billiton Petroleum, and has substantially lessened competition. Related: Natural gas operator’s attempt to withdraw from environmental offsets stalls Related: Mining company's own documents 'can be used as evidence' in gas leaks case Continue reading...
Source: theguardian.com