How do electricity prices in Australia compare with USA?
“In a study by Alex Robson, released last week by the University of Sydney’s United States Studies Centre, comparisons are presented between energy costs in Australia and the US.
“The bottom line is that Australian households and businesses routinely pay two to three times as much as their US counterparts. Energy in the US also is more reliable and the pricing arrangements are more transparent.
“In the past decade, average power prices in Australia increased in real terms by about 70 per cent for households and businesses. In the US, real electricity prices for households stayed essentially flat; those for industrial users dropped by 10 per cent. When it comes to gas, the picture also is alarming. Australian manufacturers are being charged almost 50 per cent more in real terms than they were a decade ago, whereas manufacturers in the US are paying nearly two-thirds less. The average real price of gas also has fallen significantly for US households.”
As Robson sums up: “On electricity and gas price outcomes, the two economies have taken completely opposite paths.”
Source: Judith Sloan writing in The Australian Newspaper [Paywall]:
Report from the University of Sydney’s United States Studies Centre:
The report [PDF, 10 MB]: https://united-states-studies-centre.s3.amazonaws.com/attache/82/d7/a0/2b/3b/69/09/82/f2/59/78/d5/85/6d/92/af/It-doesnt-have-to-be-this-way-Australias-energy-crisis-Americas-energy-surplus.pdf