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Power Price Surges in Australia Coal Haven Amid Election Debate

  • Rise in energy costs in Queensland adding to debate on coal
  • Nation’s election is considering future of the fossil fuel

Australia’s coal-dominated states are seeing electricity prices rise much faster than areas with more renewables, highlighting debate over the role of fossil fuels as the country heads to a national election.

Wholesale power for next month in Queensland, where coal accounts for about 80% of generation, has outpaced gains in the equivalent contract in South Australia, which uses mainly renewable sources such as wind and solar.