Business
Electricity prices plunge to lowest in five years – The Australian Financial Review
The latest Australian Energy Market Operator quarterly report shows black coal-fired generation is at its lowest level since 2014 and negative prices are more common than ever before.
COVID-19 contributed an estimated 2.1 per cent reduction in demand, with the biggest impact in Queensland (4.8 per cent) and NSW (2.6 per cent). But this was offset by increased demand in South Australia due to cooler weather.
Large industrial users, such as smelters and mines, continued normal operations during the crisis, with COVID-19 safe guidelines for workers.
Energy use in the commercial sector was significantly reduced, but this was counter-balanced by increased demand in the residenti…
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