A surprise 25% increase in gas production royalties in the Queensland state budget has prompted warnings of energy price rises for Australian households and businesses.
Australian households will be paying up to $430 more for electricity by the end of 2019, unless wholesale gas prices are significantly reduced. A new report commissioned by the Australian Workers Union found that consumers are already paying between $100 and $200 more than what the Australian Competition and Consumer Commission considers fair.
A new decision should see household and small business gas bills drop, but wholesale gas prices are leaving a question mark on the future.
The Australian government has ordered a year-long inquiry into the wholesale gas market, which could have wide-reaching consequences.
The federal government has released a major report about Australia's energy sector, suggesting a number of measures to help reduce energy bills.
With gas prices on the rise, receiving a big charge can come as a shock. However, you can reduce your bill by keeping these savings tips in mind.
With changes for wholesale gas prices on the horizon, there is some conflict about how to keep gas bills down while maintaining a reliable service.
South Australia could become the premier location for onshore oil and gas training in Australia and south east Asia, the state goverment said.
Businesses aren't immune to the rising cost of gas, which is why you should take these steps to make sure you're not paying over the odds for your bills.