Analysis finds fossil fuel generators may have withheld electricity at ‘strategic’ times and got an additional $30.3m windfall
Huge spikes in wholesale electricity prices in South Australia have been a result of energy companies “gaming” the system and exploiting their unusual market power to charge “monopoly rents”, according to an in-depth report by the Melbourne Energy Institute.
The analysis found fossil fuel generators may have withheld electricity at “strategic” times during 2015, causing massive price spikes, which have led to a $30.3m windfall.
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