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ABC News

Business

energy reporter Daniel Mercer

Power price spike 'just the start' as smaller energy retailers struggle with surging wholesale market

Bruce Mountain Electricity Joel Gibson

Households already battling cost-of-living pressures are facing power price pain. (Supplied: Unsplash)

As Australians digested the news this week that benchmark electricity prices are set to rise by as much as 18 per cent, Bruce Mountain had a worrying thought.

While the headline numbers looked bad, he reckoned the reality was likely to be far worse.

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