Federal government's 'gas trigger' to keep supplies onshore may not be pulled just to put a lid on high prices
ABCGas prices are high and temperatures are low, meaning businesses and households alike are facing big power bills this winter. The federal government does have the power to directly intervene in the gas market to boost local supplies, often referred to as its "gas trigger". There is an emergency provision called the "Australian Domestic Gas Reservation Mechanism" which, if used, would act in a similar way to WA's gas reservation policy. APPEA acting chief executive Damian Dwyer said international price volatility and electricity generation issues are behind the price rises, and points out most domestic gas users have not been immediately affected. Despite labelling the energy price rises as "apocalyptic", the Australian Industry Group acknowledges using the gas reservation mechanism would be a "last-resort option".
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