⚡️⚡️⚡️
With energy prices rising, switch to a cheaper plan
💡
Compare Prices Now
⚡️⚡️⚡️
< path d="M52.6178 31.3114L44.7476 60.6733L74.1095 68.5435L81.9797 39.1816L52.6178 31.3114Z" fill="#F9C32D"/>
download the finder app! App

Finder Energy Report

Comprehensive Australian energy statistics.

Avatar
Graham Cooke
Updated
Fact checked

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Sparking conversation

Picture not describedThe energy industry has become a controversial space in Australia in recent years. Extortionary price hikes have seen more and more Australian families struggling to keep up, with one in four now reporting energy bill stress. Our reliance on fossil fuel has become a highly contentious topic as the devastating effects of our carbon output are becoming tangible. And if that wasn't enough, Australia's ever-increasing energy export industry has also come under fire for increasing carbon emissions while still driving up energy bills.

This report intends to dissect each of these areas, while shedding light on consumer attitudes and lived realities. It provides an analysis of current trends in price, renewables and exports, and forecasts where we see these industries moving in the future. This report combines analysis of third-party data, internal data and consumer attitudes from Finder's Consumer Sentiment Tracker.

The price of gas and electricity in Australia has outpaced the Consumer Price Index (CPI) significantly since 2004, with no indication of slowing down. If the current trend continues, the price of electricity will be double CPI by June 2023, with gas 77% higher than CPI. However, the cost of automotive fuel has remained relatively consistent with CPI.

Production, Consumption and Net exports

Export as a percentage of production in Australia is one of the highest in the world and has been growing steadily since the 1970s. In 2000 we exported 5% more energy than we consumed and in 2018 we exported 99% more5 – contributing to a considerable
amount of the country’s overall exports. Energy accounted for 72% of Australia’s exported goods overall in 2018, worth $278 billion6. If this growth trend of exports continues, by 2030 we expect to export 3 times as much energy as we consume.

Key findings:

  • South Australia comes out on top for most expensive electricity
  • Victoria is the most affordable state for electricity
  • Finder predicts the price of electricity will be double the Consumer Price Index (CPI) by June 2023
  • Just one in four Australians trust their energy retailer
  • Over two-thirds of Australians are prepared to pay more for green power to help address their environmental impact
  • The growth in energy exports over time correlates very closely to the price ratio against CPI

Click here to download the full report.

More guides on Finder

Lower your household bills

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site