In December 2015, the ABS published an information paper setting out options and a proposed way forward for the development of a wholesale gas price index. Following this, the AEMC will be hosting a workshop on 17 February 2016 to provide an opportunity for the ABS to present the key concepts in the information paper and for stakeholders to provide feedback directly to the ABS on the methodology and proposed approach.
In the Stage 1 Final Report of the East Coast Wholesale Gas Market and Pipeline Frameworks Review, the AEMC recommended working with the ABS to develop a wholesale gas price index to improve transparency around price movements in bilateral gas contracts. Workshops in Sydney and Perth were held in 2015 to facilitate dialogue between the ABS and gas industry.
Please click here to register for the workshop.