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Australian households and businesses are faced with another cost of living pressure, with wholesale electricity prices revealed to have more than doubled over the last year. The Australian Energy Market Operator revealed in its latest quarterly energy dynamics report that electricity spot prices had soared 141 percent over the year to the 2022 March quarter (Q1), to an average of $87 per megawatt-hour (MWh). Queensland was the state that experienced the most significant episodes of high demand and price volatility, while prices in New South Wales (NSW) had the strongest rise. Violette Mouchaileh, AEMO’s executive general manager, said the quarter highlighted the ongoing electricity gap between the northern and southern National Electricity Market (NEM) states. ...

Source: https://www.theepochtimes.com/australia ... 35617.html