The head of one of Australia’s largest energy company’s has warned electricity prices in the country could spike by more than 35 percent amid the push for net-zero.
“When we run our modelling for energy pricing next year, using the current market prices, tariffs are going up a minimum 35 percent,” said Jeff Dimery, CEO of Alinta Energy.
“Now, maybe, the regulators are going to change the rules on that, I’m not sure,” he told The Australian Financial Review’s Energy and Climate Summit.
Dimery also said Russia’s invasion of Ukraine and the transition away from fossil fuels in Australia would contribute to spiking costs….