The Coalition’s plan to create a domestic gas reservation for the east coast would drive down household gas bills by 7% and industrial gas bills by 15%, newly released modelling estimates.
The opposition’s long-awaited modelling by Frontier Economics, released on Tuesday evening, estimated the changes would bring down new domestic gas supplies to $9 or $10 a gigajoule, and came after experts shed doubt on whether the policy could drive down prices through a government market intervention.