Gas companies have ‘obligation’ to ‘put Australians first’

Nationals Senator Matt Canavan says gas companies should have a “responsibility” to “put Australians first” and look after the country.

Albania’s government is considering introducing price caps to lower energy costs after Labour’s first budget predicted a 56 percent rise in electricity prices over the next two years.

“Now hopefully we don’t have to resort to a crude price cap tool or even a retrospective booking scheme, both of which will just hurt investment in the long term,” Mr Canavan told Sky News Australia.

“We have a real long-term supply problem in Australia.”