Five states on the Eastern coast of Australia could plunge into darkness starting this afternoon, the Australian Energy Market Operator (AEMO) has warned amidst power shortages in the country, News.com.au reported.
Post pandemic, energy prices have seen a sharp uptick. Last September, we reported how higher energy prices were threatening a collapse in the European cold and are now pinching consumers' pockets in Australia. The southern continent is now facing an unusually cold winter that has pushed up customer energy demands, which is driving prices even higher.
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