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Closing Victoria’s Hazelwood power station is no threat to electricity supply… but certainly a threat to stable wholesale electricity prices

The threat of Hazelwood being shut down as early as April next year may not be a threat to Australia’s electricity supply…. but it’s certainly impacting confidence and delivering more uncertainty to an already complex wholesale market. This uncertainty will invariably cause significant wholesale price increases in the short term that will be passed onto commercial electricity customers.

In fact, this morning we have witnessed several electricity retailers withdraw their offers from the market in all states. Some have stopped pricing altogether.

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