Gas prices will explode due to Queensland exports

20th October 2014

We are being well warned about pending significant rises in domestic gas prices.  As Ester Han reports in the Sydney Morning Herald (20/10/14)

"The increases are linked with the launch of gas exports in Queensland early next year that will expose Australian families and businesses to high global prices. The Grattan Institute based its calculations on the forecast that wholesale gas prices will double to $9 a gigajoule. ... In June, energy retailers received the green light to increase gas prices by an average 17.8 per cent over the next two years.

Read more: http://www.smh.com.au/national/gas-prices-will-explode-due-to-queensland-exports-says-grattan-institute-20141019-1172ev.html#ixzz3GdKnJOK5

Consider solar hot water systems and directing excess power from PV panels into your hot water heating. This will probably be a better option than trying to sell back to the reticulated electricity grid. 

 

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