ACCC reveals east coast energy crisis will last for at least 12 months

The Australian Competition and Consumer Commission’s (ACCC’s) July 2022 interim report on its gas inquiry confirms the east coast energy crisis is likely to last beyond the winter of 2023. A forecast 70 per cent increase in gas demand for electricity generation (forecast to increase by 52 petajoules (PJ) to 126 PJ in 2023) and sustained, high international gas prices means

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