Rising coal prices 'biggest' contributor to lifting power prices: report

Black coal electricity generators face rising prices for coal as increased competition from local rivals and energy-hungry Asian countries drive demand.

The rising cost of thermal coal has played a major
role in the rising cost of wholesale energy costs, one
 of the driving factors for higher power bills.CREDIT:

Bloomberg New Energy Finance’s Second Half Australia Power Market Outlook said an increase in Asian demand for high-quality Australian coal had lifted thermal coal prices, which has flowed on to households’ power bills.

Read the story from The Age by Cole Latimer - ”Rising coal prices 'biggest' contributor to lifting power prices: report.”