Gas Market Code of Conduct - Australian Government

Description

You will be required to comply with this mandatory Code if you are a regulated gas producer in the East Coast gas market.  A regulated gas producer is a person that carries on a business of producing regulated gas. Regulated gas is defined as gas which is in a gaseous state at standard temperature and pressure and consists of naturally occurring hydrocarbons, or a naturally occurring mixture of hydrocarbons and non-hydrocarbons, the principal constituent of which is methane.

The Code contains:

  • a price cap on wholesale contract negotiations between gas producers and buyers
  • exemptions framework to incentivise producers to commit more gas to the East Coast gas market
  • transparency obligations to increase visibility of the amount of uncontracted gas to be produced
  • conduct provisions aimed at reducing bargaining power imbalances between producers and gas buyers
  • minimum conduct and process standards for commercial negotiations.

Service type

Code of Practice

A code of practice is a set of rules which details how people in a certain industry should behave. A code of practice can be defined as a result of legislation or by industry regulators and bodies.

Act(s) name

Competition and Consumer Act 2010 Australian Government

Administering agency

Australian Competition and Consumer Commission

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.