Can anything really be done about the ‘perfect storm’ in Australia’s energy markets?

Russia’s invasion of Ukraine, squeezed gas retailers and a cold snap are combining to put pressure on the grid

The treasurer, Jim Chalmers, has described Australia’s energy markets as a “perfect storm” that is threatening to hit consumers, business and the wider economy hard.

“We’ve got spiking gas prices, spiking electricity prices, and spiking prices for petrol,” he said on Thursday. “There’s no use beating around the bush: these challenges in the energy market are part of this cost of living crisis that we’ve inherited.”

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Source: theguardian
Can anything really be done about the ‘perfect storm’ in Australia’s energy markets?