Treasurer says gas review likely to result in mandatory code of conduct as energy costs soar

Government has also not ruled out using threat of export limits to guarantee more domestic supply, Jim Chalmers says * Follow live news updates * Get our morning and afternoon news emails, free app or daily news podcast The Albanese government will toughen gas market regulation and intends to make the industry code of conduct mandatory, with the treasurer, Jim Chalmers, also not ruling out export limits or cash handouts as soaring bills put pressure on household budgets. On Sunday, Chalmers signalled a review, announced in the budget and being conducted by the competition regulator, would likely include mandatory price regulation and a requirement for “meaningful offers” to domestic consumers. Sign up for our free morning and afternoon email newsletters from Guardian Australia for your daily news roundup Continue reading...
http://dlvr.it/SbxC66