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One thing is already happening; power prices are going up.
The outages have also pushed up European wholesale power prices.
Wholesale power prices have fallen some 40percentt since deregulation.
Morrison has dubbed Taylor the minister for lowering power prices.
These costs will ultimately be reflected in power prices.
At the time, electric power prices were high.
And that tends to push power prices down, and they cannibalize their own profitability.
Power prices on the spot market jumped to 100 times their normal levels.
Those prices, to be fully indexed to inflation, would be almost double current wholesale power prices.
Relatively low power prices have diminished the incentives for power companies to build new plants.
Power prices are a genuine long-term worry for the smelters.
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