Gas is no longer the best option? – AEF | Australian Energy Foundation

Gas is no longer the best option?

You might be surprised to learn that gas is no longer the cheapest option for heating your home.

Changes in the gas market mean that the majority of our gas resources are now exported overseas, making it much more expensive for us to buy for use in residential homes. 

In fact, analysis by the Melbourne Energy Insitute and Renew, has shown that up to one million homes across Eastern Australia (covering ACT, NSW, QLD, VIC, SA), can start saving hundreds of dollars on their heating bills tomorrow, if they switch off their gas heater and turn on their reverse cycle air conditioner instead.

Such savings were also found in a recent report by Renew, which explored the economic benefits of switching a whole range of gas appliances to electricity including hot water, heating and cooling and cooking. The extent of the savings depended on the number of gas appliances in your home and your location across the country. Please see the Renew report for more details. 

Environmental Benefits

Gas also used to be seen as a cleaner source of energy (compared to burning coal). But, with diminishing gas supplies it is now increasingly extracted from coal seams and shale layers.

Hydraulic fracturing or ‘fracking’ is a method used to extract hard to access fossil fuels. This gas extraction method can have significant environmental and agricultural impacts.

Using electrically powered heating options, such as reverse cycle air conditioning, means you can heat your home with renewable power. Whatever source your renewable power comes from, it’s a better choice for the environment.

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