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AAP
AAP
Business
Marion Rae and Poppy Johnston

Bill shock to ease as cost of power falls, solar shines

Combined renewables have generated a record high of 26 per cent of national electricity output. (Dan Himbrechts/AAP PHOTOS)

In a boost to household budgets, electricity supply costs are falling as coal and gas-fired generation hits a record low and renewable energy takes a bigger load.

Every region notched a solar output record in the closing months of 2023 which combined with record fossil fuel generation to slash wholesale electricity prices, according to an update from the Australian Energy Regulator (AER).

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