Coal news and updates

Why Are Energy Prices Getting So High? An Expert Weighs In On The Crisis Engulfing Australia

Australia’s east coast has been plunged into an energy crisis just as winter takes hold, which will see many people struggle to heat their homes due to soaring gas bills.

Meanwhile, Origin Energy this week confirmed it could not source enough black coal to power Australia’s largest coal plant at full capacity, deepening shocks to the energy market.

Watch the latest News on Channel 7 or stream for free on 7plus >>

Watch more on the soaring cost of energy across Australia in the video above

The electricity price surge is so dire, small energy retailers such as ReAmped Energy are advising customers to switch energy providers or be hit with much higher bills.

So, what on Earth is going on?

It has a lot to do with Russia’s war on Ukraine, which has disrupted the global energy market. Sanctions on Russian coal and gas exports mean there’s simply not enough supply to meet demand. As a consequence, the global price of gas and coal has soared.