This'll be in print in 'The Australian' on Monday 16 January 2023:
(some unintended consequences, as economist Judith Sloan warne3d would occur. Mr Albanese no friend of households!):
"Two of the east coast’s biggest gas producers have kept up their month-long suspension on offering new supplies after the government in December capped new contracts for wholesale gas in the east coast market at $12 a gigajoule for 12 months.
Australia’s second-largest energy retailer, AGL, has been unable to secure contract supply of gas for 2023, prompting it to cease taking new commercial and industrial customers, and forcing those whose contracts are expiring on to expensive default tariffs.
Experts and industry representatives warn that unless the price cap policy is modified or scrapped, retailers will permanently exit the market, making it less competitive in the long term, without any positive impact on prices for households, businesses and industry in the short term..."
(20min delay)