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State Government under pressure to rein in wholesale electricity prices causing industry pain
Wholesale electricity prices have more than doubled since 2021, adding to cost of living pressures and sparking calls for the transformation of WA’s south-west grid to be “urgently” fast-tracked.
A Chamber of Minerals and Energy Report being released on Friday has found that SWIS wholesale electricity prices have jumped from $46/ MWh in 2021 to $96/MWh in 2024, and reliability costs have increased five-fold amid the decarbonisation of the State’s main grid.
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