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Flat White

Forrest move shows markets, not governments, solving energy crisis

16 March 2018

3:03 PM

16 March 2018

3:03 PM

Billionaire Andrew Forrest’s plan to ship gas to the east coast from Western Australia shows that the market trumps government finding solutions for energy problems, even after years of unions and manufacturers begging for federal meddling.

It’s established that there’s pressure on gas bills in the eastern states, with wholesale prices more than tripling in just two years (although they’ve eased), caused by demand from a growing export industry and red tape stopping new production.

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