Ai Group report warns steep price rises will become ‘the new normal’ based on declining coal-fired generation and gas production shortages
The “staggering” increase in energy costs faced by households and businesses will continue thanks to rising gas prices, putting jobs in jeopardy, according to the Australian Industry Group.
Warning that last year’s steep price rises are set to become “the new normal”, the Ai Group says in a report on Tuesday that the complexities of the gas market have combined with a decline in coal-fired power generation to produce a perfect storm for consumers.
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