Gas in VictoriaThe gas market in Australia is a contestable and contracted market; with numerous retailers providing low cost gas to consumers and businesses in Victoria. Depending on the location in Victoria one of three distributors will service the area: Envestra; SP Ausnet; and Multinet.

Based on current market pricing, Victoria’s gas prices, depending on consumption levels, are on average across the three suppliers, 23 to 41 percent below NSW and 45 to 70 percent below QLD.

The table gives examples of businesses that could fit into each load profile. Consumption at a site level can vary significantly depending on the exact activities and equipment that is installed at the site. Therefore the examples below should only be treated as a guide.

1,000 GJIndustrial - SmallRestaurantResidential Building

10,000 GJFood Processing Plant - SmallIndustrial Plant - Small

500,000 GJFood Processing Plant – Very LargeIndustrial Plant – Very Large

State on State variation:VIC Average

compared with:1,000 GJ Site

10,000 GJ Site

5000,000 GJ Site

NSW -23.2% -41.2% -30.8%

QLD -59.3% -70.2% -44.9%

Table explanation: The table above shows that for a 1,000 GJ Site including total delivered costs the

VIC average is currently 23.2% and 59.3% cheaper than NSW & QLD respectively.Graph 1: Total Delivered Costs ($/GJ excl. GST) for Calendar Year 2016

1,000 GJ 10,000 GJ 500,000 GJ$0

$5

$10

$15

$20

$25

$30

$35

Victoria NSW QLD

Source: EnergyAdvice, 2015

For more detailed costings and State comparisons that are split out by composition (metering costs, network costs, green energy, etc.) and local Victorian retailers and distributors, please speak to your Investment Manager.

Final pricing is subject to contract negotiations with the gas supplier chosen.

About Invest Victoria Invest Victoria is your single point of entry for investment in Melbourne and Victoria. We welcome the opportunity to discuss your business needs and provide services that will allow your company to build a business future in Victoria.

EnergyAdvice Pty Ltd (EnergyAdvice) was engaged by Invest Victoria to prepare information on indicative electricity and natural gas pricing for a variety of consumers across Victoria, New South Wales and Queensland.

Authorised by the Victorian Government, Melbourne, Australia.© Copyright State of Victoria 2015.

@InvestVictoria The Victorian Connection

For more information on Invest Victoria, visit www.investvictoria.com

EnergyAdvice Pty Ltd (EnergyAdvice) was engaged by Invest Victoria to prepare information on indicative electricity and natural gas pricing for a variety of consumers across Victoria, New South Wales and Queensland.

Authorised by the Victorian Government, Melbourne, Australia.© Copyright State of Victoria 2015.

@InvestVictoria The Victorian Connection