Net Zero to Force Electricity Prices Up 35 Percent, Aussie Energy Boss Warns

Net Zero to Force Electricity Prices Up 35 Percent, Aussie Energy Boss Warns
A display of compact flourescent light (CFL) bulbs is seen at the City Lights Light Bulb Store in San Francisco, Calif., on Jan. 31, 2007. Justin Sullivan/Getty Images
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The head of one of Australia’s largest energy companies has warned electricity prices in the country could spike by more than 35 percent amid the push for net-zero.

“When we run our modelling for energy pricing next year, using the current market prices, tariffs are going up a minimum 35 percent,” said Jeff Dimery, CEO of Alinta Energy.