In a December 9th press release, Rebecca Knol, CEO of the South Australian Chamber of Mines and Energy (SACOME), strongly opposed the introduction of a cap on Australian gas prices, stating that it will disincentivize investment in future domestic gas projects. Knol went on to argue that the most “effective way to reduce gas prices” is through increasing gas supply.
The New South Wales Minerals Council strongly opposed calls from the Federal Government for the states to impose price caps on coal in a December 7th press release. In the release, the association promoted a report that labels the measure ‘impractical’. The report also calls on governments to ensure more generation supply is available, including potentially delaying closures of the Liddell and Eraring coal power plants in New South Wales.
In a December 14th Australian Financial review article, Geraldine Slattery President of BHP Australia appeared to oppose Australia’s national cap on gas prices. Slatter called for a time limit of the cap’s reasonable price provisions, and also advocated for the continued role of coal and gas alongside renewables in the same statement.