Release of Energy in Australia 2015

5 February 2016

Australia’s energy industry continues to support the domestic and global economy, according to Energy in Australia 2015, released by the Department of Industry, Innovation and Science.

‘Australia produces around three times our energy needs,’ the Department’s Chief Economist, Mark Cully, said.

In 2014–15 energy exports brought about $67 billion to the Australian economy. Australia continues to be the world’s second largest exporter of coal, and third largest exporter of LNG.

The energy sector continues to be an important contributor to the Australian economy, accounting for six per cent of GDP in 2014–15 and 1.3 per cent of the workforce.

Renewable energy production continues to grow in Australia. As of October 2015, 17 per cent of Australian households have solar PV installed, and Australia was the world’s eighth largest generator of solar electricity in 2013.

Australia enjoys relatively low energy prices, with petrol and diesel prices among the lowest in OECD countries in 2014–15.

For more information and to access the report, visit www.industry.gov.au/oce

Media contact: Department of Industry, Innovation and Science media 02 6213 6308, media@industry.gov.au

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