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Newcastle Herald
Newcastle Herald
Business
Matthew Kelly

Surging power prices pushing Hunter manufacturer offshore

Peter McKinnon Daniel Westerman AEMO Vietnam
Peter McKinnon

Beresfield manufacturer Peter McKinnon makes no bones about it - energy prices are likely to result in him taking a significant part of his operation offshore.

That scenario moved a step closer to reality this week when the Australian Energy Market Operator (AEMO) chief executive Daniel Westerman said there was no guarantee that the clean energy transition would result in cheaper prices.

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