The Australian Competition and Consumer Commission said it was monitoring the balance sheets of power companies for anti-competitive behaviour during the past weeks.
June's power prices jumped up to five times higher than the wholesale price early in 2021, the consumer watchdog found. Many power companies claimed they did that because of the high cost of coal and gas made it impossible to operate profitably.have led to a jump in global gas supply demand and prices. This has come amid the eastern Australia cold snap which has increased demand on the electricity grid.
Source: News Formal (newsformal.com)
Please if you don't understand inflation from bad policies, please do us all a favour, find a position at a library. Governments bad policies from liberals and enabled now carried by Labor, For the WEF as our leaders are not leaders but puppets.
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