‘Gas cartel’ is pushing gas prices up in Australia

‘Gas cartel’ is pushing gas prices up in Australia:

A CARTEL has gained control of Australia’s gas and is killing the economy, pushing prices up and sending businesses broke, one expert says.

Australians are grappling with huge increases in electricity and gas bills, with one recycling business saying his electricity bill had increased from about $80,000 to $180,000 a month.

Plastic Granulating Services was forced to close its doors last month, leaving 35 employees out of work, and there are fears more could follow as further increases are expected.

Part of the reason why power prices are shooting up is due to the closure of cheap coal-fired power stations but also because of rising gas prices.

H/t reader kevin a.

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