The Australian Competition Authority concludes inquiry into gas industry and issues recommendations for the national gas markets, including new test for market power

Gas producers and pipeline operators have had to operate in an industry undergoing substantial change in recent years. In relation to gas transportation, the Australian Competition and Consumer Commission (ACCC) found that most transportation pipeline operators have responded in a dynamic way to these industry changes. Despite that finding, the ACCC recommends far-reaching changes in the regulation of gas pipelines. The ACCC suggests that this new approach to regulating gas pipelines is needed to overcome what it perceives as a failure of the current regulatory regime in the National Gas Law (NGL) and National Gas Rules (NGR) to prevent the use of market power in the supply of transportation services. The ACCC found that the current regulatory regime (including the threat of

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Authors

  • Herbert Smith Freehills (London)
  • Herbert Smith Freehills (Melbourne)

Quotation

Philip Aitken, Tessa Spence, The Australian Competition Authority concludes inquiry into gas industry and issues recommendations for the national gas markets, including new test for market power, 22 April 2016, e-Competitions April 2016, Art. N° 93533

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