Australian energy bills could surge as Iran conflict drives up global gas prices

Experts warn of similarities with 2022, when electricity prices went up by more than 40% due to the Russian invasion of Ukraine Get our breaking news email , free app or daily news podcast The US-Israel strikes on Iran risk a repeat of the 2022 energy shock that forced power bills up by more than 40%, sent Australian businesses to the wall and forced governments to spend billions on power bill subsidies. The stark warning from experts follow news that Qatar, the third-largest liquefied natural gas exporter, had stopped production after Iranian drones on Monday attacked its sprawling Ras Laffan complex. Continue reading...