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Gas Prices in Victoria: Less than you'd Think

Natural gas has been a popular power source for Victorians for many years. The reason? It’s affordable and performs in all seasons.

Natural gas isn’t something everyone thinks about ahead of summer. While the Melbourne spring has been a little cooler and wetter than usual (which inevitably leads to higher heating bills), the summer’s bringing with it warmer weather. This benefits our vitamin D stores but it can also drain the bank when it comes to keeping cool using air conditioners.

The good news? The price of natural gas in Victoria has remained affordable, and its benefits extend beyond heating into all sorts of summer applications, including barbecues, fire pits and even cooling. That’s right, cooling.

In fact, natural gas is one of the most popular power options in Victoria. Most homes are connected to the natural gas network, making it easy to hook up and maintain.

But not only does natural gas give superior performance, it’s also a cheaper option than electricity when it comes to most appliances.

So what do the numbers actually look like?

A Melbourne family household using natural gas for hot water, cooking and central heating will spend on average $1267 on gas per year - or $1731 for the same applications using electricity. That’s a huge $464 saving - plus a 69% decrease in emissions.
If that household uses natural gas for just hot water and cooking, they’ll still save on average $495 compared with their spend for the same electric appliances, plus reduce their emissions by 83%.

So why the huge difference? When it comes to your household energy consumption, the big power consumers – heating, cooling and the hot water system – account for around 61 per cent. That amount of power costs a big chunk of money.

So when it comes to your energy natural gas is the smarter choice in terms of cost efficiency or carbon emissions. And coming into summer, it’ll be your best friend: whether it’s at the barbecue or in your nice, cool, air conditioned living room. 

SOURCES:
Cost and Emission Comparisons based on:
Average South Australian and Victorian households on standard tariffs as at 1 July 2017.
Consumption for Cooking and Hot Water:  19Gj for Natural Gas or  4.77Mwh electricity
Consumption for Ducted Heating:  25Gj for Natural Gas or  1.98Mwh electricity
Emissions per Australian Department of the Environment, National Greenhouse Gas Factors Report, August 2015

OTHER SOURCES:
http://www.theage.com.au/victoria/melbourne-weather-its-official--this-october-has-been-unusually-wet-and-cold-20161020-gs789y.html
http://www.conserve-energy-future.com/advantages-and-disadvantages-of-natural-gas.php

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