Industry in shock as Vic gas prices hit record levels
Angela Macdonald-SmithSenior resources writer
Updated Jul 9, 2021 – 5.29pm, first published at 10.03am
Gas prices in Victoria have taken another huge leap to levels of about 10 times average levels, fuelling urgent calls for the federal government to pull the trigger on its domestic gas security mechanism.
Wholesale prices surged to an unheard-of $58.44 a gigajoule in Victoria for a four-hour period on Friday, shocking manufacturers and raising the likelihood of plant shutdowns among those exposed to spot prices.
https://www.copyright link/companie...vic-gas-hits-unheard-of-58-gj-20210709-p5889c
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