[Manthink]

Why are prices increasing? The Australian Energy Market Operator (AEMO) recently revealed that the wholesale cost of electricity in the National Electricity Market (NEM) for the first three months of 2022 has increased by 141% compared to the same quarter last year.

In short, even with aboundance of raw material and energy resources while promoting itself as some climate-friendly-Eco-conscious nation, AU is still a victim of its own heavy reliance on LNG and coal power stations.