MONETARY ENERGY SUPPLY AND USE

OVERVIEW

Monetary supply-use tables are an aggregation of products defined in the SNA to represent the output of industries. The tables are drawn directly from National Accounts benchmark data, which is the data used in the compilation of Input-Output tables. The gross/net physical tables and these monetary tables are compiled on a different basis and should not be directly combined for analytical purposes. The hybrid energy account in this publication is recommended as a coherent presentation of physical and monetary energy data.

• Australia's total supply of energy products at basic prices was valued at $136 billion in 2015-16, which is 11% lower than its 2014-15 value ($153 billion).
• Australia's demand for energy products in productive activities, as represented by total intermediate use of energy products, decreased by 10% ($9 billion) between 2014-15 and 2015-16. In comparison, household final consumption of energy products was valued at $43 billion, which is only about 4% ($2 billion) lower than the year prior.

MONETARY ENERGY SUPPLY

Figure 2.1 shows the monetary contribution of selected industries and imports to domestic energy supply in Australia.


The mining industry produced 53% ($72 billion) of Australia's total supply of energy products at basic prices in 2015-16. The second highest industry contributor of energy value in 2015-16 was the manufacturing industry, with 16% ($21 billion) of Australia's total supply of energy products at basic prices.

Imports of energy products accounted for 18% ($25 billion) of Australia's total supply of energy products at basic prices in 2015-16. Approximately 26% ($7 billion) of the total value of these imports was oil products.


MONETARY ENERGY USE

Figure 2.2 shows the monetary contribution by industry and households to domestic energy use in Australia.


Households accounted for more than a third ($43 billion) of Australia's total domestic energy use in 2015-16. Just under half ($21 billion) of this use was expenditure on petrol products, while about a third ($14 billion) was expenditure on electricity.

The manufacturing industry accounted for around one sixth ($21 billion) of Australia's total domestic energy use. Almost a third of this energy ($7 billion) was oil products, while gas and electricity respectively accounted for 28% ($6 billion) and 27% ($6 billion) of this total.

Figure 2.3 shows the monetary contribution of individual products to Australian energy exports.


In 2015-16, Australia's energy exports fell by 11% to $60 billion. Coal exports accounted for 58% ($35 billion) of this total, while gas and oil respectively accounted for 29% ($17 billion) and 9% ($5 billion) of Australia's energy exports.