Cold spell prompts fears of power price rises

A cold spell across Australia's south-eastern states has led to record demand in the national electricity market.

Electrical Power Lines Source: Pixabay / Pixabay, aitoff

Key Points

• Compared to the previous quarter, wholesale prices increased in nearly every part of the national energy market.
• The government says prices are still lower than when the Coalition left office, adding in a statement that the faster renewables can get into the system "the better it will be for energy bills and energy reliability."
• But the opposition has criticised the government's energy policy, with Liberal leader instead pushing his nuclear vision.