Commitment to exporting has left fewer companies selling in Australia so gas prices have risen sharply, in turn pushing up electricity prices, says analyst
Australian gas is being shipped and sold to wholesale customers in Japan for 40% less than it is sold to Australian customers, despite the extra costs of liquefying and shipping the gas there.
The commitment to exporting Australian gas has left fewer companies selling gas to the Australian market, meaning both retail and wholesale gas prices have risen sharply, pushing up local electricity prices up too.
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