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ABC News
ABC News
Business
By George Roberts 

Queensland power prices have been capped and there's concern about blackouts. What you need to know

Surging electricity costs have forced the regulator to step in.  (ABC News: Liz Pickering)

Fears about blackouts due to a shortage of electricity did not eventuate last night but Queensland and NSW consumers are warned the threat has not passed.

The cost of power has been rising so rapidly the Australian Energy Market Operator (AEMO) has stepped in and there are price caps are in place in Queensland, New South Wales, Victoria and South Australia.

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