NSW households are set to be slugged with an increase of up to $225 a year on their gas bills as of July 1. Australia is rich in gas. The reason is that gas is being exported, so it means a "shortage" of east coast supplies.
Australia will triple its gas production in the next few years as key gas projects in Queensland ramp up production. Despite production going up, domestic prices are set to increase as well. The Consumer Utility Advocacy Centre's Martin Jones says it is part of the globalisation of the economy.