General
Solar panels, cooler summer drive power prices into negative territory in South Australia
South Australia’s high uptake of renewables has led to another national energy milestone, with record low daytime wholesale prices in the first three months of the year.
Key points:
- Daytime wholesale prices were consistently in negative territory in SA
- That was driven by renewable energy, but gas generators were needed to help stabilise the grid
- Wholesale prices across the country dropped in the March quarter
The Australian Energy Market Operator (AEMO) has released its latest quarterly report, which also found that negative spot prices reduced South Australia’s average quarterly price by $10 per megawatt-hour.
For the first time, the average cost of power per megawatt-hour during the 10:00am–3:30pm off-peak was regularly into…
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