How the Ukraine war, ageing coal, Covid restrictions and winter combined to create the ‘perfect storm’ in the power market
- National electricity market suspended as NSW residents told to conserve power
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An energy crisis in Australia has seen prices spike and supply issues plague much of the country’s east. The federal energy minister, Chris Bowen, claims the previous Coalition government left behind a “bin fire” that meant Australia was “ill-prepared … for the challenges we are facing today”.
But the Coalition has tried to blame the new and “inexperienced” Labor government. What’s actually causing the crisis and what can governments do about it?