Electricity bills for energy intensive businesses could more than double, and households could pay 50 per cent more, amid massive cost blowouts on a project that is integral to the Albanese and Allan governments’ renewable energy rollout.
Energy experts, industry and farmers have sounded the alarm on the VNI-West interconnector after the Australian Energy Market Operator released a report indicating the proponents of the project believe it is likely to cost $7.6bn, with a range of 30 per cent lower or 50 per cent higher, meaning it could cost as much as $11.4bn.
Cost of delayed Victorian interconnector lifts off and reaches escape velocity « JoNova