Did Australia ban the import of high quality Australian coal or something? What’s going on here?
Victoria’s energy minister, Lily D’Ambrosio, blamed the scare on “strange behaviour” from power companies sitting on their reserves and not bidding into the market.
“No one likes the situation we’re seeing now,” D’Ambrosio told ABC radio. “We’ve been told and assured by the market operator that there is more than sufficient power in Victoria available, it’s just not being bid into the market.”
Price gorging?