Australia’s Natural Gas Prices in 2021: Trends, History and Future
Australia’s natural gas prices 2021 reflect an industry that is out-of-date and in decline. Queensland’s natural gas consumers are currently paying 51 per cent above the equivalent export prices. Natural gas production sets the price for electricity in Australia. Therefore, every electricity consumer is overpaying on their essential bills due to natural gas production. Australia’s National Electricity Market (NEM) Solar and wind power increased the share of renewables in the NEM to 26.4 per cent in 2020. This is up from just 15.6 per cent in [...]