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The New Daily

Business

Rod Myer

Newly installed federal government faces a tough test on gas prices

Gas Prices Bruce Mountain Tony Wood Anthony Albanese

10 News First – Disclaimer

Long-suffering energy consumers who have seen power prices spike recently now face rising gas prices too, with shortages related to the war in Ukraine pushing up wholesale costs for businesses.

The Australian Market Energy Operator (AEMO) has been forced to act, putting in place short-term gas price caps across eastern states that has pegged gas prices to $40 a gigajoule ($40/gj) until June 10.

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