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Don't get burnt by gas price rises


Source: The Conversation, 30 June 2014

Gas prices are on the rise, starting tomorrow with a 17.8% increase this year in New South Wales, with other parts of eastern Australia expected to follow in coming years. That means it’s a crucial time for Australian homes and industry to ask how they could be cutting their gas costs, especially by finding ways to use energy more efficiently.

Typical annual gas bills will rise by between A$155 and A$225 for NSW households depending on where people live and how much gas they use. That’s according to the independent NSW price regulator IPART, which approved the increase.

Elsewhere, many other Australian households and businesses are bracing themselves for higher energy costs as the development of LNG exports looks set to push up domestic gas prices. The eastern coast of Australia will be particularly affected, with the start up of Queensland LNG exports due later this year, just as a wave of existing domestic supply contracts are set to expire and need to be renewed. The effect will be felt almost immediately.

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