Skyrocketing electricity prices are not likely to go down

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A new report by the Grattan Institute has found wholesale electricity prices have jumped from $50 per megawatt an hour in 2015 to $100 megawatt and hour in 2017.

Changes to the National Electricity Market (NEM), rising input costs and gaming by electricity and energy generators have contributed to this price increase.

The report also indicates that electricity prices are not likely to decrease to 2015 levels.

 

 

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