“We saw
that the burden this electricity hike would place on our businesses was too
extreme, given the current economic climate and difficult trading conditions,
which are already affecting businesses within our Markets,” CEO of Sydney
Markets Bradley Latham, said.
Mr. Latham went on to say - “At this time,
particularly after a season of bad weather, we feel it’s better to help our
businesses with keeping expenses down rather than they being forced to increase
the price of product to recover costs. “It’s not just grocers feeling the
pinch. We see our decision will be a helping hand for the packaging companies,
exporters, food processors, warehouses, unloading services, cafés, banks and
agricultural suppliers, to keep their businesses competitive.”