Record high generation from wind and solar has helped push wholesale electricity prices to a five year low, and coal to its lowest level since the start of the National Electricity Market, but federal energy minister Angus Taylor is still advocating for a ‘gas-led recovery’.
The latest wholesale energy markets update published by the Australian Energy Regulator, highlighted the significant transformation that is underway in the energy market, with the emergence of more renewables and the exit of coal, set to ultimately benefit consumers through lower energy prices.
