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

Australian households could be paying as much as $430 more for electricity by the end of next year unless wholesale gas prices are brought under control, according to a new report that warns the Turnbull government's energy policies are falling short.

Australia is one of the world's largest gas exporters. 

Policy analysts at the McKell Institute have for the first time modelled the impact of wholesale gas prices on household power bills in New South Wales, Victoria and Queensland - finding consumers are already paying between $100 and $200 more than what the Australian Competition and Consumer Commission considers reasonable.

Read Adam Gartrell’s story in the Age - “Gas giant bills threat: price hikes of up to $430 predicted.”