Bill C-384
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SUMMARY |
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This enactment establishes an Energy Price Commission to regulate
the wholesale and retail price of gasoline. The purpose of price
regulation is to avoid unreasonable increases that affect the cost of
living and depress business activity.
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The enactment will facilitate reasonable consistency in prices from
province to province, allowing for production and distribution costs.
The regulation further minimizes the risk of collusion in pricing and
prevents dominant suppliers from setting unreasonable prices.
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The enactment also links the issue of price control to competition.
Any investigation of an alleged offence under the Competition Act that
is related to gasoline pricing is remitted by the Competition Tribunal to
the Commission for investigation and a report to the Tribunal before it
makes a determination or order on the matter.
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