Expect more manufacturers to close due to gas prices: ACCC

AUSTRALIAN Competition and Consumer Commission boss Rod Sims has a startling warning for the industry, telling the APPEA conference this morning that he expects more manufactures to shut up shop over the coming months if wholesale gas prices don’t come down soon, in an echo of earlier ACCC reports and his speech at the Australian Domestic Gas Outlook over two months ago.

Expect more manufacturers to close due to gas prices: ACCC Expect more manufacturers to close due to gas prices: ACCC Expect more manufacturers to close due to gas prices: ACCC Expect more manufacturers to close due to gas prices: ACCC Expect more manufacturers to close due to gas prices: ACCC

 

Sims described the wholesale gas price for manufacturers as "tragic," and said he was critical that prices went up but have not come down as netback prices have.