By signing an agreement with the big three producers, the government has effectively made the east coast gas shortage evaporate. But there's no guarantee the price pain will go away too.
Prime Minister Malcolm Turnbull has blamed gas exports for rising energy costs, breaking with a party room determined to find renewables guilty.
Two reports have highlighted the risk of severe gas shortages in the eastern Australian market, prompting calls for the federal government to restrict exports.
Better energy management could reduce peak demand by the equivalent of two Hazelwood power stations. It's time to get serious about demand response solutions to our energy crisis.
The energy security crisis has politicians leaping to unveil various schemes. But we don't need piecemeal action – the Finkel review, due in June, aims to create a coherent new energy blueprint.
Earlier this year Australia's energy market operator warned of a gas shortage, sparking fears of an energy crisis. But new research shows the projected shortfall is so small, it may already be closed.
The federal budget will pump A$90 million into boosting domestic gas production, as well as investing in pumped hydro and measures to monitor energy prices.
A survey of leading economists gave a mixed, and overall negative, view on Malcolm Turnbull's plan to force gas producers to divert exports back into the Australian domestic market.
As the government seeks to rein in the excessive expectations of what it can do to make housing more affordable, Malcolm Turnbull is throwing everything at his energy security policy.
The Turnbull government will impose restrictions on the export of Australian gas to boost domestic supplies and lower prices.
The current domestic gas crisis will pass. But if the industry wants to surpass coal and fulfil its role as a 'transition fuel', it should lobby for a carbon price to help it on its way.