Business
Coal power hits record low, but Taylor still can’t credit wind and solar for lower electricity prices – RenewEconomy
Electricity prices fall to five year low, pushed down by record high wind and solar, but still Angus Taylor advocates for a gas-led recovery.
Record high generation from wind and solar has helped push wholesale electricity prices to a five year low, and coal to its lowest level since the start of the National Electricity Market, but federal energy minister Angus Taylor is still advocating for a ‘gas-led recovery’.
The latest wholesale energy markets update published by the Australian Energy Regulator, highlighted the significant transformation that is underway in the energy market, with the emergence of more renewables and the exit o…
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