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AAP
AAP
Business
Paul Osborne

Massive investment needed in energy sector

Energy Security Board Electricity Aer
More in investment new transmission, generation and capacity is needed to keep power prices down. (Russell Freeman/AAP PHOTOS) (AAP)

Power prices are likely to rise unless there is massive investment and a coordinated plan to improve electricity generation, transmission and capacity.

A crisis hit the east coast gas and electricity markets in June with extremely high wholesale prices, the temporary suspension of the electricity market and the failure of several small retailers.

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