Australia’s surge in renewable energy production pushes down power prices.
No longer ‘alternative’, mainstream renewables are pushing prices down
Simon Holmes à CourtFri 16 Mar 2018 13.40 AEDT
On the first day of autumn tens of thousands of Victorians received a welcome surprise from their power company — their electricity bills were going down.
Prices were cut 5% because the retailer increased their investment in renewable energy.
This will likely come as a surprise to many.
Since the prime minister, Malcolm Turnbull, and the energy minister, Josh Frydenberg, decided that bashing renewables would play well for them — perhaps more so in the party room than in the electorate — hardly a day goes by without claims that renewables have made our grid unreliable and have pushed prices sky high.
As we emerge from a hot summer without even one second of generation-related blackouts, the dissonance is high.
The Australian Energy Market Operator has demonstrated their ability to…
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