Australia prices up
July 29 (LNGJ) - The Australian Energy Market Operator (AEMO) said around 240,800 households across the country changed power companies last month because of soaring prices. The operator said that the total included about 87,000 households in the state of Victoria, 85,000 in New South Wales, 51,000 in Queensland and 17,000 in South Australia. Coal accounts for about 50 percent of Australia's electricity generation, followed by natural gas (16 percent), hydro-electric (5 percent) and 2 percent from oil while the balance mostly comes from renewables.
Latest Australian natural gas prices in the short-term market were around the equivalent of US$23.35 per million British thermal units for Sydney in NSW, US$23.75 per MMBtu for Adelaide in South Australia and US$23.05 per MMBtu for Brisbane in the state of Queensland, according to AEMO data.
