New arrangements for gas contracts announced
Gas customers will benefit from new arrangements that will help ensure retailers' contracts meet the interests of small consumers, Associate Energy and Resources Minister Pansy Wong says.Ms Wong said today the scheme would be voluntary and she looked forw
Gas customers will benefit from new arrangements that will help ensure retailers' contracts meet the interests of small consumers, Associate Energy and Resources Minister Pansy Wong says.
Ms Wong said today the scheme would be voluntary and she looked forward to full gas retailer participation.
A set of contract terms would be published for gas companies to follow, and there would be annual assessments of the extent of alignment with those terms.
"Should this voluntary approach by the industry fall short of the Government's expectations, then a regulated or partly regulated approach may be considered in the future," Ms Wong said.
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