Shell resuming wholesale gas offers could be due to governmental price cap interventions as the government “tasked” the ACCC to investigate the situation, The Motley Fool Chief Investment Officer Scott Phillips says.
“You can have a fight with them but they make the rules, they make the laws, the government had most recently – tasked the ACCC with looking into issues of withholding supply by gas companies,” Mr Phillips told Sky News Australia.
“Whether it’s the price caps themselves as a mechanism or whether it’s simply a case of government saying we would really like you to do this please. “At least for now it does seem like that supply will be made available, not a massive fan of price caps made in general, we’ve been there in the past – we know those things don’t work.”
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