The Australian Energy Regulator recently released a report that showed that average wholesale electricity prices for the last quarter were less than half those in the same period last year.
This highlights the significant impact of the Albanese Government’s coal and gas price caps in limiting the worst impacts of Russia’s illegal invasion of Ukraine on power bills for Australian homes and businesses. Those caps were opposed by Peter Dutton and the Coalition.
The report also shows that getting cleaner, cheaper renewable energy into the grid, including on millions of Australian rooftops, is bringing down prices.
September installations of rooftop solar are up 41% on last year, cutting energy bills and household emissions.