Hope for power bill relief as eastern Australia’s wholesale electricity price tumbles
by Peter Hannam from Environment | The Guardian on (#6FE6C)
Exclusive: September quarter average fell to $63 a megawatt hour, partly thanks to milder winter and increased renewables
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Eastern Australia's wholesale electricity prices fell sharply in the September quarter, a trend that if maintained could deliver power bill relief for households and businesses alike.
Spot market prices in the national electricity market (Nem) that serves about 80% of Australia's population averaged $63 a megawatt hour in the July-September period, according to data provided by the Australian Energy Market Operator.
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