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Gas Prices Predicted to Soar by 2019

Gas Prices Predicted to Soar by 2019

Pricewise Insulation believes the solution to increasing energy prices can lie in reducing energy consumption by installing ceiling insulation.
There seems to be no end to rising energy prices. New analysis shows that residents in New South Wales, Queensland and Victoria are currently paying more than what is considered reasonable by the Australian Competition and Consumer Commission. A recent report claims that consumers could be paying up to $430 more for their electricity by the end of next year, unless wholesale gas prices are addressed, according to an article published in The Age on Monday.

The Age reports that the McKell Institute has now analysed the effect that wholesale gas prices have on domestic energy bills on the east coast of Australia and found that they are currently paying between $100 and $200 more than they should according to the ACCC. They have also found that based on present consumption trends and price predictions, NSW households could be paying an average of $434.08 more by December 2019. Households in Queensland could potentially be paying $312.92 more and Victorian households could see a rise of $254.09.

The Australian Workers Union, which commissioned the McKell modelling, is pushing for key political parties to adopt a gas reservation policy where prices were kept down and domestic supply guaranteed. Daniel Walton, AWU National Secretary, reportedly said that it was a disgrace that regular families were being hit with the consequences, and that the government needed to “pull a handful of multinational gas exporters back into line”.

Pricewise Insulation, a leading Australian online insulation retailer, believes that these are genuine predictions of rising energy prices based on current policies and consumption trends. What Pricewise challenges, on the other hand, is the attitude that there’s nothing the regular householder can do to avoid being hit by bigger bills. While some people seem to think that they just have to accept the inevitable increase in gas and electricity rates and work it into their budgets, Pricewise disagrees. The solution, they claim, can lie in reducing energy consumption. That doesn’t only mean turning down your heater in winter.

According to Pricewise Insulation, a lot of heat generated inside many older homes literally goes through the roof due to a lack of adequate ceiling insulation. This means that their heating systems have to keep on generating more heat to maintain the desired temperature, which continues to pass through the roof. Ceiling insulation acts as a barrier for heat transfer, basically trapping the heat inside.

In the past, when energy prices were cheaper, roof insulation was often seen as an optional extra if the home owner could afford it. These days Pricewise Insulation believes the situation is different. Now it seems the average working family can’t afford not to install ceiling insulation. In fact, many people report having earned back the initial investment within the first few years through substantially lower energy bills.

Media Contact
Company Name: Pricewise Insulation
Contact Person: Paul van Oord
Email: Send Email
Phone: 1300 729 639
Address:11 Buch Ave
City: Epping
State: VIC
Country: Australia
Website: https://www.pricewiseinsulation.com.au/