Energy prices and household budgets are a significant issue in the leadup to the 2022 Victorian election. This briefing paper provides some facts and analysis regarding known gas reserves in Victoria, gas prices, and the benefits of household electrification as an alternative to new gas supply projects.
Gas prices in Victoria are likely to remain high for the foreseeable future due to four factors:
This briefing paper explains each of these four issues, and also why sufficient renewables with storage are a cheaper and more resilient alternative to new onshore conventional gas development.
You can read or download the full briefing paper below.