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The Guardian - AU

Environment

Petra Stock

Australian wholesale electricity prices are falling. So when will power bills stop rising?

Electricity Alison Reeve AEMO ACCC Coal Grattan Institute New South Wales

Solar panels on a roof and another house with solar panels in the background — Increases in wind and solar and lower volatility have contributed to a fall in wholesale energy prices but other factors mean the effect on bills will not be immediate. Photograph: Matt Blyth/Getty Images

Australia’s Energy Market Operator says the cost of generating power is falling.

Wholesale electricity prices in the national electricity market fell 27% in the September quarter, compared with the previous year, according to an Aemo report released on Thursday.

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