Alan Kohler is one of Australia’s most experienced business commentators. Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report. Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website. Alan is the regular finance presenter on the ABC News and producer of the popular nightly graph (or two).
With gas prices spiking upwards a death spiral is likely as household consumers switch over to electric appliances. However there may be no compensating reprieve for utilities through noticeably increased electricity consumption, thanks to a surprising discovery revealed in helping my parents disconnect from gas.
A highly detailed report looking at a range of geographic locations, household types and 'gas vs electricity' price relativities finds bad news for gas utilities, with the fuel uneconomic versus efficient electric appliances in a wide range of scenarios.