How Energy-Rich Australia Ended Up With World's Priciest Power A bungled transition from coal to clean energy has left resource-rich Australia with an unwanted crown: the highest power prices in the world.

摘要

New Yorkers pay half as much as Sydneysiders to keep the lights on, despite Australia boasting among the world's largest coal and natural gas reserves, as well as ideal conditions for clean power generation. A decade of political dithering and climate policy missteps have set its patchwork power system adrift, ratcheting up manufacturing costs and hurting consumers with a doubling in electricity prices since last year and rising risks of blackouts.