Record renewable generation drives Australian power prices down
Canberra, Record levels of renewable energy output has driven down Australia’s wholesale power prices, according to an official report published on Friday.
The Australian Energy Market Operator (AEMO) said in its energy dynamics report for the first quarter of 2023 that demand from the national electricity market fell to its lowest level since 2005, reports Xinhua news agency.
Wholesale prices in the national electricity market averaged A$83 per megawatt-hour (MWh) between January and March, down from A$93 and A$216 in the previous two quarters.
