Rising wholesale prices of natural gas exports in Queensland are affecting NSW households with a price increase on their gas bills of up to $225 a year. The price hike recommendation of state pricing regulator IPART is actually lower than the one sought by AGL Energy and Origin Energy. Gas prices have increased by 17.6% for the third straight year. Domestic gas suppliers are pushing for an increase in prices by as much as 20% starting July 1.
AGL has pointed to an increase in gas transmission and distribution as a major reason for the price hike. The state pricing regulator has pointed out gas companies for burdening consumers with the increase as they amass huge profits.
Read more about this on the Sydney Morning Herald website.