The wholesale price of electricity makes up about one third of a retail bill. 9News
"We are currently in the frying pan and if we are lucky we will emerge into the slow cooker over the next couple of months," Tennant Reed of the Australian Industry Group warned.
"We are now looking at futures prices for electricity of 150 a megawatt hour or more in NSW and Queensland and close to that in the other states," Reed said."Now we are looking at $30 to $40 a gigajoule.""Companies will start collapsing," Lindsay Partridge from the nation's biggest building supplier Brickworks said.
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