Millions of Australians are being warned to brace for significant hikes to their power bills after a new report revealed prices in the nation's electricity market surged to their highest levels on record. The Australian Energy Market Operator's report said wholesale gas prices rose to "unprecedented levels" over the last three months with the biggest contributer coal-fired power station outages.
Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.