Power 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.
Queensland residents are expected to see the biggest benefit, with electricity prices expected to fall by 20 per cent by June 2022.
New South Wales prices are tipped to fall by 8 per cent, and Victoria and Tasmania by 5 per cent. The ACT will see a 7 per cent drop, and South Australia by 2 per cent. The Energy Market Commission said further investment in batteries, wind and solar will create an 'optimal mix' to meet low-cost power needs. Image: Getty
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