The consumer watchdog has been told to investigate Australia’s gas market and compel industry figures to provide information in a bid to guarantee cheap and affordable energy. This morning the climate council are calling on the government to look at alternative energy sources to help ease the financial pain.
The Turnbull government wants to tackle the gas crisis by building more gas plants for domestic consumption. More gas plants for domestic consumption means increasing our alliance on gas. What we do know is that the upward pressure on gas prices is only going to continue to increase over the unforeseeable future.
Already gas prices have jumped enormously for consumers and businesses in the last few years so the time has come to look for alternatives, particularly renewable energy such as large scale solar and wind which is currently much cheaper than gas and comes with no fuel cost as both the sun and wind are free.
Increasingly a huge portion of Australia’s gas is going to countries overseas, and gas companies have locked in contracts that promise even more gas following suit. That brings on the issue of increasing supply, and gas companies will continue to search for the highest price they can get. Now that Australian Gas Markets are linked to the international market, they will continue to search for those higher prices overseas which pushes prices up in Australia.
The era of cheap gas in Australia is now over and expensive gas is here to stay. So we need to find solutions and find other sources for our energy consumption.
Currently as stupid as it may sound, Australian gas is cheaper overseas than it is here at home. Its a big issue that is hitting the back pocket of every Australian.
Natural gas has a range of potential environmental impacts associated with its extraction, transportation, and combustion, including water use, pollution, global warming emissions, effects on land use, wildlife, and air pollution.