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AAP
AAP
Business
Marion Rae and Kat Wong

Businesses could shut as energy costs soar

Electricity AEMO Coal Renewable Energy AEMC
Electricity costs are rising in an Australian energy grid that still depends on fossil fuels. (Julian Smith/AAP PHOTOS) (AAP)

Treasurer Jim Chalmers admits he's concerned some manufacturers could close in a matter of months as soaring energy prices heap pressure on Australian industry.

National Electricity Market wholesale electricity prices have tripled compared to a year ago as record September quarter rates reached $216 per megawatt-hour, the latest Quarterly Energy Dynamics report shows.

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