Original article by Angela Macdonald-Smith, Simon Evans
The Australian Financial Review – Page: 13 & 20 : 26-May-22

Many Australian manufacturers are facing big increases in their energy costs due to rising wholesale electricity and gas prices. NSW-based Causmag International is among the companies that have signalled that they may be forced to cease trading due to rising gas prices. The magnesium products manufacturer’s new gas supplier AGL Energy has set the default rate at $44.60 per gigajoule, which is significantly above the spot price. Causmag MD Aditya Jhunjhunwala has called for federal government intervention. The company’s previous gas supplier Weston Energy recently ceased trading due to the surge in gas prices.

CORPORATES
CAUSMAG INTERNATIONAL, AGL ENERGY LIMITED – ASX AGL, WESTON ENERGY PTY LTD