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Flat White

Energy crisis: households pay for safety mechanism

16 February 2023

4:00 AM

16 February 2023

4:00 AM

The energy crisis that became real for many Australians in 2022 is at severe risk of becoming the norm.

Last month, the Australian Competition and Consumer Commission released their latest gas inquiry report which gave a stark warning to Australia’s leaders about the perilous state of the east coast’s energy security.

The report stated that investment in gas production is urgently required to avoid shortages and blackouts along Australia’s east coast:

Without additional gas supply, transportation, and storage infrastructure, there remain significant risks to domestic energy security over the medium to longer term.

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