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Hundreds of thousands lose power in Australia after weather downs power lines Source : adaderana Large chunks of Australia’s Victoria state lost power on Tuesday afternoon when a major power plant shut down because a storm knocked out parts of the state’s electricity transmission network. AGL’s Loy Yang A power station, responsible for about a third of the state’s power, was forced to shut down on Tuesday afternoon after several towers along a major section of the state’s transmission network collapsed in bad weather. More than 500,000 homes or businesses had lost power, state energy minister Lily D’Ambrosio said in a social media post. As the plant shut down, electricity prices spiked across the state to their maximum of A$16,600 per megawatt hour, up from around A$200, according to data from the Australian Energy Market Operator (AEMO). In response, AEMO ordered electricity usage cut across the network, according to a statement ...