Gas exports and the latest electricity price hikes: The Audit - Electricity Update
The Australia Institute has released the Electricity Update of the National Energy Emissions Audit (The Audit*) for July 2017.
The report, by renowned energy analyst Dr Hugh Saddler, reveals a stunning correlation between domestic electricity prices and gas prices, despite gas making up only 10 percent of electricity generation.
Australian gas prices have risen significantly, as predicted, upon the development of export terminals and the linking of domestic gas to the Asian market.