With electricity prices surging to previously unimaginable levels, state and federal energy ministers met yesterday to consider how to respond to Australia’s energy crisis.
The market is pricing electricity at over A$300 per megawatt hour, more than three times what it traded at the beginning of this year.
In yesterday’s meeting, ministers agreed on 11 actions for lowering gas bills and to ensure a crisis like this doesn’t happen again. Here we take a closer look at three key ones.
