Householders’ bills tipped to soar as gas exports begin

Original article by Esther Han
The Sydney Morning Herald – Page: 3 : 20-Oct-14

Tony Wood, director of the energy program at the Grattan Institute, says households along the eastern seaboard will pay as much as $A435 per annum more for gas, once feedstock is diverted to the emerging LNG exporting industry in Queensland. Wholesale prices are tipped to grow 100% to $A9 a gigajoule. Australian Council of Social Service CEO Cassandra Goldie warns that the increases will affect those users the most who have the lowest incomes. However Wood argues that job creation and other benefits mean governments should not intervene, and should instead compensate low-wage earners

CORPORATES
GRATTAN INSTITUTE, AUSTRALIAN COUNCIL OF SOCIAL SERVICE, AUSTRALIAN WORKERS’ UNION-FEDERATION OF INDUSTRIAL, MANUFACTURING AND ENGINEERING EMPLOYEES, BIS SHRAPNEL PTY LTD, ENERGY AND WATER OMBUDSMAN (NSW) LIMITED

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