Grattan Institute energy program director Tony Wood says it is undeniable that gas companies make “windfall profits” in some instances but they are not always the ones who sell us gas. “They’re the ones who sell the gas to the ones who do sell it to us,” Mr Wood told Sky News Australia.
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Gas prices rise as long-term contracts reflect wholesale price hikeGrattan Institute energy program director Tony Wood says the gas prices which gas retailers pay on their long-term contracts now reflect the significant increase in wholesale prices we saw last year. “That was predicted to come – it was included in the stuff that the treasurer has said last year at his budget speech,” Mr Wood told Sky News Australia. “The deal that the government still hasn't finished really with the producers, which is terrible, hasn't yet had an impact on these gas price increases. “So I think they probably were largely unavoidable unless something someone intervenes in very drastic ways.” If only we had a Fed Govt. Oh wait, we do!! Someone phone the tennis and see if Albo has a few mins between beers, to deal with a crisis. How much mismanagement have Politicians created Gas Prices,ElectricityPrices,Cost of Living is a Joke.The only concerns Politicians have is their own Hip Pocket.Past Politicians have sold Australia out to the Highest Bidder.. Fossil fuel prices are sending power bills through the roof. The only long term solution is cheap renewable energy.
Source: SkyNewsAust - 🏆 7. / 78 Read more »