Panel Discussion: Gas Price Caps - ONLINE ONLY
From: Thursday October 5, 2023, 5:30 pm
To: Thursday October 5, 2023, 6:30 pm
Gas Price Caps: Are they meeting their short-term goal of reducing gas prices? Are they hindering longer-term goals such as achieving net zero?
The ESA Central Council invites you to join us for this online discussion.
In 2022 the government imposed a price cap of $12/GJ on gas sold to domestic customers, with some exemptions. Where do things currently stand in gas markets? Is the policy achieving its goal of keep prices affordable for consumers and businesses? And what are the longer-term implications of domestic price caps? Are the caps having negative impacts on investment in gas production and on the transition to net-zero? What is the lost export revenue? Are there any impacts on world gas prices, relationship with allies, and sovereign risk?
Professor Flavio Menezes works in the fields of market design and auction theory, incentives, regulation and competition. Flavio is a Professor of Economics at the School of Economics at The University of Queensland. He was head of the School of Economics from January 2009 to January 2015. He joined The University of Queensland in June 2006, after more than a decade at the Australian National University, where amongst other responsibilities he was the Foundation Director of the Australian Centre of Regulatory Economics. Flavio was also a part-time Vice-President with the Regulatory Economics and Public Policy Practice at CRA International in Canberra until May 2006 and a Senior Consultant until May 2007.
Dr Kelly Neil's research interests are empirical industrial organization and energy economics. Her work has focused on competition in natural gas markets, particularly in Australia. She has studied how electricity and gas markets interact, vertical integration of gas retailers, and the consequences of restricting liquefied natural gas exports. She is also interested in electricity reliability. Kelly is a Non-resident Scholar at the Center for Energy Studies, in Rice University’s Baker Institute for Public Policy. Kelly is a lecturer at Sydney University.
Darryl Biggar joined CEPA in 2023 after 20 years advising the Australian Competition and Consumer Commission (ACCC) and the Australian Energy Regulator (AER). His expertise covers areas such as electricity market design, assessment of market power, design of regulatory frameworks and analysis of public policy. He has a particular passion for understanding the economic foundations of regulation and competition policy.
The webinar will be moderated by ESA's National President, Catherine de Fontenay.
When: Thursday 5 October 2023
Time: From 5.30pm AEDT (SYD/CBR/MEL)
Where: Online via Zoom (link will be in your auto generated confirmation)
Cost: Free of charge for members (login prior) or $5 for non-members (join your local branch)
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