Australia is in the throes of an energy crisis. For a country rich in energy resources, it seems crazy. But last week the entire east coast was facing the threat of widespread blackouts and load shedding. Wholesale energy prices were soaring. Coal and gas generators were being accused of gamesmanship, holding out for higher prices. […]
Category: price rise
What is load shedding? And why might it cause blackouts?
If you’ve switched on the news this week, you’ve probably heard the term ‘load shedding’ in the context of the energy crisis that’s gripping the east coast of Australia. You may also have heard that if load shedding happens, there will be blackouts. And that these blackouts are likely in Queensland, NSW and possibly Victoria. […]
Electricity prices to rise up to 19.7 per cent from July 1
Households and businesses across Australia are bracing for a massive hike in energy prices. From July 1, the benchmark price for electricity will increase by up to 19.7 per cent adding hundreds of dollars to residential electricity bills – and thousands of dollars to business bills. Gas prices are also starting to skyrocket on the […]
