10/28/2022, 7:40 AM (Source: TeleTrader)
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Australian govt keeps option to cap energy prices

Australia's Climate and Energy Minister Chris Bowen argued on Friday the government couldn't rule out the possibility of introducing caps on energy prices.

Following a meeting with state energy ministers, Bowen told reporters that the government is considering all options, including introducing stronger regulation. He said that both companies and consumers currently suffer from gas producers' "profiteering," stressing that this practice must stop.

If confirmed, the energy price cap will be applied on a countrywide level, Bowen concluded.

Baha Breaking News (BBN) / ND