RBA inflation target challenged by power prices
Economists warn that persistent and higher than expected power price rises in coming years will need to be offset by lower price rises in other areas of the economy to enable the Reserve Bank to keep inflation in the target band.
Expectations have grown that the stumbling transition to low-carbon energy will help drive years of elevated or volatile wholesale power prices as the build-out of clean energy generation lags what is needed to replace ageing coal power stations.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Energy & climate
Fetching latest articles