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Global oil shock, but local calm - how the NEM is holding steady

Global oil shock, but local calm - how the NEM is holding steady

Whilst Australia is lucky to be located well away from the horrors of the war in Iran, we are witnessing some economic impact with higher petrol and diesel prices. However, can there be impacts on the electricity market as well? In short, yes, but at this stage these impacts are minimal. We take a look at how the oil price could impact the electricity market and what the market has observed so far. Read more.

BY Matthew Kaspura May 07 2026
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