Scores of workers at the Hunter's power stations have walked off the job in recent weeks, while hundreds of people rallied against the plan at a forum in Newcastle last month.
Anglican Bishop Brian Farran and his Catholic counterpart Bishop Michael Malone are concerned about price rises.
Bishop Farran says it is the church's role to protect vulnerable people.
"The church has a responsibility to speak out on behalf of those whose voice is often muted in the community," he said.
"It also has a responsibility to raise moral issues in the corporate sector and this is one of those."
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