Business
South Australia records 100pc solar in world first – The Australian Financial Review
A never-ending boom in rooftop solar installations has driven demand for grid-based power to record lows in several states and helped drive prices lower.
The combination of conditions drove down wholesale electricity prices by almost 50 per cent in the quarter compared to the same three months of 2019, reaching their lowest level since 2014, Ms Zibelman said/
Excluding Tasmania, NEM prices dropped by 45-48 per cent to $32-$51 per megawatt-hour, depending on the state. AEMO found that the improved reliability of coal-fired power stations in NSW and Victoria contributed to the lower prices, as well as a reduction in prices bid in by black coal power…
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