Electricity prices forecast to fall 2.1% in two years due to wind and solar

Lower wholesale prices will give typical household a saving of $55 a year in next two years, Australian Energy Market Commission says

Increased wind and solar generation will help drive power prices down by 2.1% on average in the next two years, according to the Australian Energy Market Commission.

The electricity price trend report, released on Friday, reveals that consumers in South Australia can expect the biggest price falls – down $120 a year on average by 2021 – followed by south-east Queensland ($76), Tasmania ($39), New South Wales ($27) and Victoria ($25).

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from The Guardian https://ift.tt/2rLxIgS
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