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A decade of argument over climate and energy policy combined with ageing coal-fired power stations, the war in Ukraine and onset of winter had immense consequences for industry and households, according to Ai Group chief executive Innes Willox.“I was talking with a member company just yesterday operating nationally. Let’s say their gas bill was $100,000 a year. They just signed a contract this week for $270,000 a year, so a 2.
“When they’re dealing with those sort of rises and you’re seeing a market failure around them, they have to make choices around what they make, who they employ or do they put prices up.Willox said Treasurer Jim Chalmers was right when he said there was no immediate fix to energy prices, “but there is an immediate problem that needs to be addressed”.
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