All about gas pricing

Is there a standard gas price?

The Queensland gas market will be fully open to competition, and therefore all retailers will set their own prices. There will be no standard or regulated price set by the Government.

However, each natural gas retailer must also have a standard price on a standard retail contract for customers who do not wish to enter a market contract.

Retailers competing for customers in the market are likely to offer you the best price they can to win your business.

Don't forget to shop around for the price and service offer that best suits your needs, and compare your retailer's offer with other retail offers before making a decision.

Will I pay more for my gas?

What you pay for your natural gas depends on the price you agree with your retailer and the amount of gas you use. You should compare prices and offers to make sure you get the best deal for your needs.

Remember too that no pricing structure is static.

Market prices are likely to fluctuate and your market contract may take this into account, or your retailer may fix your gas price for the duration of the contract.

As the natural gas market continues to grow, it's expected that gas prices will become more competitive.

Important things to check!

When comparing offers make sure you check:

the details of any package prices or rates at which gas will be charged (compare them to what you are paying now)
how much gas you currently use
what is included in the package price
how and when you will be billed
how and when you must pay
any penalties for early termination of the contract
any fees and charges, including minimum charges, late payment fees, etc.

Comparing prices

The Queensland Competition Authority has set up a price comparator so you can quickly and easily compare the prices being offered by all licensed gas retailers in Queensland - easy!

What should I look for when comparing gas prices?

First, read all offers carefully, make sure you are comparing like for like, and check whether you'll be better off.

Things to look for other than price include payment methods, early termination or exit fees, the length of the contract, any special conditions, any escalation clauses in multi-year contracts, and other services or incentives offered.

What is a unit price for gas?

Gas use is measured in megajoules (MJ). A unit price is the price per megajoule. This is how you will be able to compare prices from different retailers.