Monday, 9 October 2023

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

Exclusive: September quarter average fell to $63 a megawatt hour, partly thanks to milder winter and increased renewables

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.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

Continue reading...

from World news | The Guardian https://ift.tt/kfMh5dz

No comments:

Post a Comment

Missouri man charged for posting bomb-making tutorials that aided New Orleans attack

Jordan Derrick charged in connection with deadly attack in the French Quarter on New Year’s Day 2025 US politics live – latest updates Feder...