Renewables forecast to halve wholesale energy prices over four years

Analysis shows 7,200MW of renewables added to grid after closures of coal-fired plants While the Morrison government has identified lowering power prices as a key early priority, a new analysis says wholesale prices will almost halve over the next four years because of the technology many Coalition conservatives oppose - renewables.The latest renewable energy index compiled by Green Energy Markets confirms analysis by the Energy Security Board that wholesale electricity prices are on the way down because of an addition of 7,200 megawatts of extra large-scale supply from renewable energy. Continue reading...