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New transparency measures to drive improved gas market outcomes

coag-energy-ministers-decide-to-test-pipeline-reformsGas transmission pipeline and network companies will from today publish new information on services and pricing to assist commercial negotiations with customers.

In Western Australia, the new information will be published from June 2018.

The additional information is a key change developed over the past 12 months aimed at improving transparency and liquidity in Australia’s gas markets. It was developed by the Gas Market Reform Group and approved by the CoAG Energy Council.

APGA Chief Executive Officer Steve Davies said the information would assist pipeline and network customers to form their own view on the reasonableness pricing and service offerings.

“These reforms put significant new tools to users of gas transportation markets in Australia,” Mr Davies said.

“This will lead to more efficient commercially negotiated outcomes.

“These reforms will help ensure that gas transmission prices remain a small component of the overall price of gas delivered to homes and businesses.”

Read more in the New transparency measures to drive improved gas market outcomes media release.

 

 

 

 

Last updated on 1 Feb 2018 by kpolglaze

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