Entry of new renewable capacity will send bills lower but this is unlikely to last without the right energy policy
Power prices in Australia rose almost 11% during 2017 but a new forecast says they will fall over the next two years because of the entry of 5,300 MW of new generation capacity into the national electricity market – most of it renewable.
A new assessment from the Australian Energy Market Commission predicts power prices will fall over the next two years, beginning in mid-2018.
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