Queensland power prices have been capped and there's concern about blackouts. What you need to know

 Fears about blackouts due to a shortage of electricity did not eventuate last night but Queensland and NSW consumers are warned the threat has not passed.

The cost of power has been rising so rapidly the Australian Energy Market Operator (AEMO) has stepped in and there are price caps are in place in Queensland, New South Wales, Victoria and South Australia.

AEMO has set the price cap for consumers at $300 a megawatt hour, and it will remain in place until at least 4am tomorrow. 

There are also concerns about the reliability of supply and consumers in Queensland and New South Wales have been warned there are "forecast supply shortfalls".

Read More: https://www.abc.net.au/news/2022-06-14/qld-power-cap-explainer-wholesale-energy-choice-power-bills/101148278



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