[..Its economics 101, right? Lifting supply should push down the price. Except in this case, the claim is a furphy.] ..a massive new industry transforms the domestic gas market...selling to buyers in Asia, who are willing to pay much, much more for it than we have been. NSW regulator has approved a 17.8 per cent rise in retail gas prices between 2014 and 2016, partly in response to the new export boom. And these increases are just the beginning, with further significant price rises expected for the next few years...the average Sydney bill would rise by more than $100. That compares with the extra $270 a year that Treasury estimated wed be spending on gas and electricity because of the carbon price. Read more: smh.au/business/comment-and-analysis/local-gas-prices-set-to-soar-as-exports-to-asia-get-under-way-20150118-12rl6c.html#ixzz3PD1vbZRU
Posted on: Sun, 18 Jan 2015 23:10:23 +0000
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