I'm hoping for all Sydneysider's sakes we find gas, it was previously noted that it would cut our the average gas users bill by $120 a year (that's good for everyone).
With articles like the one it doesn't look good for energy prices; ********************************************************* Power prices to surge while ETS delayed July 12, 2010 - 5:54AM .AAP
Australian households could be forced to fork out an extra $2 billion a year in higher electricity prices because of Julia Gillard's refusal to set a carbon price.
A major research report by the country's leading economists and power companies forecasts that the government's shelving of the emissions trading scheme will add an extra $60 a year to the average household bill, News Limited reports.
The research, produced for the Climate Institute and seen by News Limited, has warned the extra price rise is already locked in.
It has also forewarned that price rises over the next ten years were already being factored into future investment in meeting rising power demand.
The price rises were necessary because investors were refusing to fund any new coal-fired or open gas-fired base-load power plants while there was uncertainty around the price of pollution they emit, according to the energy providers which produced the report.
Ms Gillard is expected to take her climate change policy to Cabinet on Monday.
GBA Price at posting:
19.0¢ Sentiment: LT Buy Disclosure: Held
