Today AEMC Chairman John Pierce spoke at the WA Power & Gas Conference. His speech focused on the COAG Energy Council’s Vision for the creation of a liquid wholesale gas market, and the AEMC’s thinking on the roadmap to get there.

To achieve the Energy Council’s vision of a liquid wholesale gas market, we need to create a self-reinforcing loop that encourages both buyers and sellers to participate in facilitated markets.  More participants and greater traded volumes lead to more meaningful pricing signals, reflective of underlying demand and supply conditions, giving sellers and buyers confidence that the market can support their needs.”