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