Power prices fall as renewables increase the market share

Tuesday April 13, 2021

South-east Queensland residents should have benefited from a fall of $126 a year in electricity costs, according to the Australian Competition and Consumer Commission.

Renewable energy has helped drive cheaper energy costs

In the national electricity market, which covers the eastern and southern states, electricity prices fell by almost 9 per cent since the middle of last year and there was $900 million in potential savings.

The falls in SEQ were the best of the mainland states, but behind Tasmania, and the ACCC said prices should continue to fall as renewable…

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