Dodo gas price rise: Sydney customer shocked by 46 per cent price increase
- Dodo gas user stunned by price increase
- Sydneysider wants 'to shame retailers'
- READ MORE: Aussies paying twice the gas price that Americans do
An outraged Aussie has posted the eye-watering increase coming to their gas bill.
Under the heading 'Dodo Gas Price Hike - 46 per cent', a Sydney Reddit user bemoaned the imminent steep increase by telecoms and energy retailer Dodo.
'Cue my surprise when I saw Dodo's email with their price increase,' the post said.
'Granted they are giving me a generous $5 discount because I have NBN with them too but a 46 per cent increase in daily (gas) supply charge is a tough stomach punch.
'The 1.4 per cent usage increase is almost humane compared to this.'
In a reply to another person saying they had been lumped with a 10 per cent increase from AGL, the original author urged others to call out price hikes by energy providers.
'I have seen another thread regarding AGL a few days ago that inspired me to create this one,' they wrote.
'Hopefully helps to track the development and maybe get people to jump and shame their retailers.'
A Reddit user was shocked to notified about a steep increase in the prices they pas for natural gas
Many of those commenting offered some helpful advice.
'Just change providers. There's no reward for staying with a provider,' one wrote.
'Even if they lower the rates, it's on you to check and contact them proactively even though they'll happily charge you more.'
Another asked: 'Do you rent or own?'
'If the latter, do what you can to ditch gas - induction cooker, heat pump air con and heat pump hot water, and get onto a time variable plan so your hot water sucks up cheap electricity during the day.'
However, another Reddit User said that strategy was fatally flawed.
'I've looked into this,' they argued.
'Costs an absolute bomb to do all those electrification things!
'The payback on any energy costs savings is multiple decades. And there are no government incentives or rebates to help either.'
Aussie consumers are being hit with higher gas prices something the energy regulator could happened for this and the next winter (stock image)
The energy regulator previously warned that Australia's east coast could suffer severe gas shortages with extreme weather conditions hampering supply.
Australian Energy Market Operator (AMEO) chief executive Daniel Westerman said falling production in the Bass Strait threatened gas supplies for the next three winters.
There are risks of peak day shortfalls each winter, if there are periods of very high demand for both gas for heating and gas and power generation at the same time,' he told the ABC.
'From 2027 onwards, we're highlighting the need for investment in new sources of gas supply to overcome forecast annual shortfalls each year from then on.'
Energy Economics and Financial Analysis expert Kevin Morrison told Daily Mail Australia that Aussies were paying twice the price for gas that Americans do despite both countries being major exporters of the energy source.
Despite Australia being a major exporter of natural gas Australians are paying twice the price for the energy source that Americans do
He said a lack of competition was largely to blame in Australia most domestically produced gas being exported.
'In the US, you have the big companies such as Chevron and Exxon as well as the likes of Shell are there in a major way,' Mr Morrison explained.
'In Australia, the biggest coal seam gas producers are three consortiums in Queensland, and the majority of the gas they produce goes offshore.'
The other major gas producer for eastern Australia is the joint venture between Exxon and Woodside in the Gippsland Basin region of southeast Victoria.
'They and the Queensland consortiums control three-quarters of the gas reserves in eastern Australia,' Mr Morrison said.
'If you have a handful of producers, they would know what each other is doing, and they would be able to keep the markets from being too flushed with gas.'
