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Flat White

Climate Justice? Victoria’s fresh assault on businesses

1 July 2022

12:57 PM

1 July 2022

12:57 PM

Last week’s restoration of the electricity market, following the regulator assuming full control on June 15, means the energy crisis is apparently over. But spot prices remain at around $230 per megawatt hour – a mere sixfold their historical levels. As for gas, well that’s still price-controlled and consequent supply shortages are causing business closures.

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