Wholesale energy prices double in a year in Victoria and South Australia
Samantha Hutchinson and Michael Owen
30 January 2018
Average wholesale energy prices in Victoria and South Australia have more than doubled since this time last year, as experts warn that blackouts and supply issues are likely to increase as state governments chase aggressive renewable energy targets.
More than 2000 Victorian households remained without power yesterday after two days of heat triggered equipment failures and blackouts, opening up distributors to compensation claims.
The mass outages affected more than 60,000 residents, some of whom were cut off for more than 28 hours.