Windfarms drive fall in wholesale energy price with lower bills forecast for 2020

Australian Energy Market Commission says prices will begin to fall next year and by 2022 will be $97 a year lower

The price of residential electricity is estimated to start falling next year and continue to fall until 2022, the Australian Energy Market Commission says.

The AEMC's annual report on electricity price trends shows an overall falling price outlook over the next few years, mostly due to decreases in the wholesale cost from increased generation capacity, particularly from windfarms.