‘We haven’t even seen’ impact of the energy crisis yet

One Big Switch Campaign Director Joel Gibson says rising power prices now are the result of what happened in the wholesale market six months ago.

“Wholesale prices started rocketing upwards since the beginning of the year really,” he told Sky News Political Editor Andrew Clennell.

“That was driven mainly by shortages of black coal – soaring commodity prices in black coal, soaring gas prices, coal power stations that were down because of maintenance or unplanned outages.

“That’s now flowing through into household and business power bills.

“We haven’t even seen yet the impact of…

Read the Full Article Here skynews

Join our social media accounts to watch exclusive videos and photos

Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

How your favourite Aussie vape is made: Video from inside HQD factory at Shenzhen, China

Putin’s NATO comments merely effort to ‘reframe’ Ukraine invasion failures: experts