Power prices forecast to fall over next two years but AEMC warns they won't last

Entry of new renewable capacity will send bills lower but this is unlikely to last without the right energy policyPower 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. Continue reading...