<
https://theconversation.com/australia-already-has-a-uk-style-windfall-profits-tax-on-gas-but-well-give-away-tens-of-billions-of-dollars-unless-we-fix-it-soon-184938>
"The really bizarre thing about calls for a UK-style windfall profits tax on
gas is that Australia’s already got one.
Gas prices have soared to levels never envisioned in the lead-up to 2015, when
three resource giants spent A$80 billion building terminals in Queensland with
the potential to export three times the east coast gas Australia had been
using.
At the time, the “netback” international gas price (net of the cost of
liquefying and shipping) was barely A$10 a gigajoule, and wasn’t expected to
climb much higher.
Suddenly, in the space of a year, it has jumped to three times that level.
Local industrial customers are now being asked to pay a barely-credible $382 a
gigajoule – and gas suppliers were about to ask for $800, before the energy
market operator stepped in and capped prices at a still “crippling” $40 a
gigajoule."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
