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Coal outages, weather cause Australian energy prices to soar

July 22, 2021

Yahoo Finance: 

Keeping warm has become more expensive as coal-fire power outages take a toll on Australia’s energy market.

Prices rebounded significantly between April and June because of outages and colder-than-average weather, the Australian Energy Market Operator says.

Wholesale electricity prices, or those paid by retailers before they supply to customers, averaged $95 per megawatt hour.

This compared with $37 per megawatt hour in the first three months of 2021.

More: Energy prices up from cold, coal outages 

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