Renewables forecast to halve wholesale energy prices over four years

While the Morrison government has identified lowering power prices as a key early priority, a new analysis says wholesale prices will almost halve over the next four years because of the technology many Coalition conservatives oppose – renewables.

 A solar farm in Port Augusta. Extra capacity commissioned after
 the closure of large coal-powered generators in South Australia
 and Victoria is bringing down wholesale energy prices.

The latest renewable energy index compiled by Green Energy Markets confirms analysis by the Energy Security Board that wholesale electricity prices are on the way down because of an addition of 7,200 megawatts of extra large-scale supply from renewable energy

Read the story by Katharine Murphy from The Guardian - “Renewables forecast to halve wholesale energy prices over four years.”