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The Guardian - AU

National

Peter Hannam

Hope for power bill relief as eastern Australia’s wholesale electricity price tumbles

Electricity SA Australia AEMO Boral Alison Reeve Chris Bowen NEM AFR

Power lines and solar panels Australia — Aemo says among the factors sending wholesale electricity prices lower were milder weather and increased renewable energy. Photograph: Jono Searle/AAP

Eastern Australia’s wholesale electricity prices fell sharply in the September quarter, a trend that if maintained could deliver power bill relief for households and businesses alike.

Spot market prices in the national electricity market (Nem) that serves about 80% of Australia’s population averaged $63 a megawatt hour in the July-September period, according to data provided by the Australian Energy Market Operator.

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