Embattled consumers are set for some welcome relief after sky-high wholesale electricity prices fell by more than half in the final three months of 2022, analysis shows.
abc.net.au/news/wholesale-power-prices-tumble-record-renewable-energy-output/101888192Embattled consumers are set for some welcome relief after sky-high wholesale electricity prices more than halved in the final three months of 2022, an analysis of Australia's biggest power market shows.Wholesale prices in the national electricity market dropped in the three months to December 31
The report, to be released today, also shows that renewable energy output soared to record levels during the period as generation from coal-fired power plants plumbed new lows. She said grid-scale wind and solar plants now accounted for 20 per cent of the total generation in the market — a figure that did not include the huge amounts of small-scale rooftop solar in the system.
With so much of that renewable energy generated by consumers via rooftop solar panels, rather than utility-scale plants, AEMO said demand for power supplied through the grid fell to a new low of 11,892MW on November 6.
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