What to do about embarrassingly large power profits
ANALYSIS: As record wholesale prices focus attention on the electricity sector, generators have a choice – fix the problem or face political intervention.
It’s awkward when you have to announce record profits within days of your record high prices apparently putting people out of business.
On August 7, the average daily wholesale electricity spot price hit $906 a MWh. The same day, Oji Fibre Solutions said “skyrocketing” power prices contributed
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