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Please help me with this one Victoria Adelaide Month beginning Brisbane ($/GJ) Sydney ($/GJ) 2011/12 ($/GJ) ($/GJ) 3.28 3.79 2012/13 3.51 3.45 4.49 5.09 5.92

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Victoria Adelaide Month beginning Brisbane ($/GJ) Sydney ($/GJ) 2011/12 ($/GJ) ($/GJ) 3.28 3.79 2012/13 3.51 3.45 4.49 5.09 5.92 2013/14 5.2 3.87 4.31 4.55 4.03 2014/15 3.63 3.77 2.28 3.44 2015/16 4.99 5.74 4.66 2016/17 5.05 8.58 8.83 8.21 8.81 2017/18 8.03 8.06 7.46 8.5 2018/19 9.67 10.1 9.41 9.92 2019/20 6.58 7.13 5.77 6.49 2020/21 5.71 6.54 6.32 6.21 2021/22 14.6 15.54 15.14 15.08 2022/23 YTD 24.4 27.29 25.95 27.06 Source: Australian Energy Regulator - Gas Market Prices (2022) (3 marks) ii. Comment on the pattern of wholesale gas prices over time, highlighting any major fea- tures you observe in your chart. (2 marks) The following references discuss the factors that have contributed to the rising price of gas in the Australian (and international) markets. Use these references to prepare a list of demand and supply-side factors affecting the Australian gas market. Provide a brief explanation of how these factors are affecting the Australian gas market. Australia's gas prices are surging. How did we get here and what is being done about it? [ BS News Price Stability, the Supply Side and Prosperity | Speeches | RBA Why are gas and electricity prices going up? | Climate Council (3 marks) Page 3 of 6

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