Energy Prices Are Skyrocketing
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Why Are Energy Prices On The Rise?
There has been quite a lot of buzz in the media recently about increasing energy prices across Australia. The key driving factor in this sudden rise is an increase in the wholesale cost of electricity to suppliers. The Australian Energy Market Operator (AEMO) has recently revealed that the wholesale cost of electricity has increased by over 140% in the first 3 months of the year when compared to the same quater last year.
Increasing coal prices are a leading factor in energy prices rising.
Source: Trading Economics
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