Household electricity bills are tipped to fall by an average of $97, as the markets reap the benefit of new generation and the falling cost of renewable energy generation
The Australian Energy Market Commission's electricity price trends report forecast mixed results across the country.
Victorian consumers are set to save $53 over the next three years, with an annual average price drop of 1.6 per cent. The cost to retailers of the compulsory purchase of renewable generation, under the Large Scale Renewable Energy Target, is coming down as solar, wind and hydro power generation become more cost effective.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Electricity prices forecast to fall across Australia over next three yearsPower prices are forecast to fall in most Australian states and territories over the next three years, with energy users in Queensland set to see the biggest benefit.
Read more »
There's a way to stop solar power overwhelming the grid — but it comes at a costThe body that runs WA's main electricity market wants the ability to remotely dump excess solar power from households to help avoid rolling power cuts.
Read more »
Power prices forecast to fall across the nation | Sky News AustraliaPower prices are forecast to fall in most Australian states and territories over the next three years according to forecasts released by the Australian Energy Market Commission. \n\nQueensland residents are expected to see the biggest benefit, with electricity prices expected to fall by 20 per cent by June 2022. \n\nNew South Wales prices are tipped to fall by 8 per cent, and Victoria and Tasmania by 5 per cent. \n\nThe ACT will see a 7 per cent drop, and South Australia by 2 per cent. \n\nThe Energy Market Commission said further investment in batteries, wind and solar will create an 'optimal mix' to meet low-cost power needs.\n\nImage: Getty
Read more »
Sorry, Scott, the economy can't grow much without higher wagesI usually pooh-pooh all alleged recessions that have to be qualified with an adjective. But I’ll make an exception for the 'household recession'.
Read more »
NSW fire crews conduct 'critical backburning' ahead of extreme forecastA sense of urgency is felt by firefighters across NSW containment lines as they backburn long stretches of country roads ahead of dangerous fire conditions forecast for Tuesday.
Read more »
Bill Shorten least popular leader since 1990: election studyVoters swung to the Coalition on the economy, tax and leadership, while they swung to Labor on the environment.
Read more »