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AAP
AAP
Business
Marion Rae and Jacob Shteyman

Cheaper renewable energy driving electricity costs down

Rooftop solar output in the first quarter hit record highs in SA, Victoria and Tasmania. (David Mariuz/AAP PHOTOS)

Rising demand for electricity has been met by more solar and wind generation, which is keeping a lid on prices and carbon emissions, the market operator says.

Renewable energy generation drove down wholesale prices in the first three months of 2024 despite higher temperatures pushing up electricity demand, according to the Australian Energy Market Operator's (AEMO) quarterly report released on Tuesday.

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