Major food, juice and infant formula maker SPC Global says that a 16 per cent rise in energy prices for its operations across Victoria was out of line with other states and is impacting its regional operations and the price of basic food and drink.
The plea comes as the collapse of a wind turbine in western Victoria following a night of heavy thunderstorms prompted the opposition to call for an urgent audit of the state’s wind farms, amid debate about the security of energy supply and whether the government needs to get more gas into the system.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.