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Gas market review will ‘drive efficiencies in the system’, King says
The resources minister, Madeleine King, says a review into gas market regulations will drive efficiencies into the system.
Our existing policy has made sure that that gas is available. So that’s that combination of existing policies brings in that extra 600 petajoules. So indeed, that work is already happening.
What we’re trying to do and will endeavour to do, and the industry is very supportive of, is to make that more coherent, and how we can make sure we learn from the whole system, reduce duplication in some of the regulation, some of the reporting factors, simply how we can make it work better for consumers, for industrial users, and for the Gas industry itself. And that drives efficiencies in the system, which we expect will help with pricing.
We were honest with the public from day one: the toll situation would get worse before it got better. That’s the reality of the infrastructure pipeline locked in by our predecessors.
And now, the most recent NSW Budget reflects that – with toll revenue projected to rise from $180m to $283m in the 2028–29 financial year.
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