Energy crisis: Wholesale power prices have doubled since the carbon tax was axed

A growing crisis in the electricity market has led to wholesale power prices more than doubling in a year - and rising to at least twice what they were under the much-maligned carbon price.

An analysis by the University of Melbourne's Climate and Energy College, produced for the Greens, found the average wholesale electricity price soared to $134 a megawatt hour in the summer just finished, compared with $65-$67 in the two summers the carbon price was in place.

Read Adam Morton’s story in today’s Melbourne Age - “Energy crisis: Wholesale power prices have doubled since the carbon tax was axed.”