6 May 2013
The electricity price hikes have peaked, while gas is high and rising. That was the conclusion last month from the NSW pricing regulator, confirming what power companies have known for some time – and it’s just the start of the bad news for Australian businesses and residents.
The significant rise in gas prices is starting to impact householders who rely on it for heating and cooking, as well as manufacturers and other major energy users who are already struggling due to the high Aussie dollar. It’s also making the power sector think seriously about the affordability of using gas to generate electricity.