High electricity and gas prices has compounded difficult business conditions following the COVID-19 induced lockdowns.
A Victorian-based fabric dyeing business – which counts the Australian Ballet as a customer – is winding up due to high electricity and gas prices compounding already difficult business conditions following pandemic lockdowns.
This comes as Yaron Flicker – who runs a larger fabric dyeing business and counts the military as a customer – is staging a last ditch attempt to secure a long-term gas contract on Monday as he prepares to start buying gas from the spot market.number of small manufacturers struggling to “The risk of the spot price is you only find out what it is at 6am, and it changes through the day. I’ll probably take a punt for a very short time, but it’s not a sustainable situation at all. I could close at almost no notice. The prices could swing $5-plus, $10-plus per gigajoule , we just don’t know.
Shell’s concession may mark the beginning of the end of a paralysis that has gripped Australia’s gas market since December when the government passed legislation to cap
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