Record renewables help bring down Australia’s energy prices and emissions
by Peter Hannam from on (#6B79D)
Energy dynamics report finds clean energy is displacing fossil fuels and sending carbon emissions from the sector to new lows
- Follow our Australia news live blog for the latest updates
- Get our morning and afternoon news emails, free app or daily news podcast
Australia's record levels of renewable energy helped extend the slide in wholesale power prices in the first three months of 2023, displacing fossil fuels and sending carbon emissions from the sector to new lows for the first quarter.
The latest energy dynamics report by the Australian Energy Market Operator (Aemo) showed wholesale spot prices in the national electricity market (NEM) averaged $83/MWh, down more than a 10th from the December quarter and two-thirds lower than the record average $264/MWh in the June quarter last year.
Continue reading...