Between mid-2020 and late 2022, average gas prices in the eastern states of Australia increased four times, according to figures from the Australian Energy Regulator.
Australia is not alone: in the same period, gas prices have increased five times in the European Union (EU) and three times in America, according to commonly-accepted price indicators in these two regions.
However, Australia is alone in its policy response, with the federal government imposing last week a cap on gas prices in the eastern states of $12 per gigajoule (half the average price in November) and a mandatory code of conduct for gas producers.
The code...
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