Australian Chamber of Commerce and Industry CEO Andrew McKellar says businesses are “staring down the barrel” of further increases in power prices.
Australian Chamber of Commerce and Industry CEO Andrew McKellar says businesses are “staring down the barrel” of further increases in power prices. Mr McKellar said businesses, particularly small businesses, could face increases of 13.
5 per cent and “rises in electricity prices above inflation in the next 12 months”. “If we’re going to counter that, if we’re going to have a plan to make electricity prices more affordable, it’s going to take a couple of things,” Mr McKellar told Sky News host Chris Smith. “It’s going to take a very significant investment in new, particularly renewable energy generation capacity and going to take more investment in the network to modernise that infrastructure.”
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