Gas giant bills threat: price hikes of up to $430 predicted

Australia is one of the world's largest gas exporters

AWU National Secretary Daniel Walton said it was a disgrace ordinary families were being slugged “simply because the prime minister is too gutless to pull a handful of multinational gas exporters back into line”.

“By allowing exporters to ship Australia’s natural gas to foreign markets without restriction, the federal government is hammering average working families from multiple angles,” Mr Walton told Fairfax Media.

The impact of wholesale gas prices on consumer energy prices is significant because gas power generators are often the marginal supplier  and therefore set prices.

via Gas giant bills threat: price hikes of up to $430 predicted