Fueling the race to renewables

The fallout for Australian business as current strategies burn out.

Australian industry must steel itself in preparation for a protracted period of spiralling energy costs.

Although a commercial resolution has been reached on gas supply, the situation regarding our energy crisis continues to unfold as we expected. The coming year will almost certainly bring a material increase in power prices and place many organisations in some of the most testing situations. The Federal budget pointed to the Ukraine war being the primary cause of the increase and prices could rise by up to 50% in 2023¹Realistic goals and a coherent, and nationally consistent plan are critical in fuelling the race to renewables – optimism and good intentions are not enough.