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ABC News
ABC News
National
energy reporter Daniel Mercer

Drop in wholesale power prices as renewable energy generation from wind and solar grows, AEMO finds

Wholesale power prices in the national electricity market tumbled 10.5 per cent in the March quarter. (Supplied: UQ)

Surging renewable energy output has pushed fossil fuel-fired generation down to record low levels in Australia's biggest electricity grid, helping to trigger another big fall in wholesale prices.

The Australian Energy Market Operator (AEMO), which runs the national electricity market covering the eastern states, said power prices had tumbled in the three months to the end of March.

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