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The opposition has proposed a set of plans to aim at the Australian gas supply, which they say would reduce the cost of electricity for homes and companies.
According to the modeling published by Frontier Economics, these initiatives to aim at Australia gas supplies could reduce the cost of electricity by 3 percent.
The coalition proposes the creation of a fund of $ 1 billion for infrastructure for gas projects, which would help relieve gas supply limitations.
They have also said that they would give $ 300 million for a strategic basin plan that would help develop gas resources.
Frontier Economics pointed out that an important reason why Australians pay so much for gas is that gas producing companies can obtain more profits selling Australia gas to international clients.
The coalition said its policy would imply the creation of a so -called “gas reserve scheme of the east coast.”
This would require gas suppliers to maintain part of the gas they produce for the domestic market.
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Frontier Economics concluded that coalition policies would increase the available gas supply and, therefore, reduce prices.
“It is expected to result in a 15 percent reduction in retailers of retail gas for industrial customers,” the report said.
According to modeling, policy could reduce retailers of retail gas by 7 percent and, therefore, reduce residential electricity prices by 3 percent.
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