Australia's Energy Transition Experiment: Record Wins Meet Rising Risks

Australia can replace its aging coal fleet with renewables without triggering price spikes or blackouts—and the latest data suggests this bet is paying off, at least for now.

Evidence For

• Wholesale electricity prices have plummeted to five-year seasonal lows over the past six months, delivering relief to hundreds of thousands of customers on basic retail plans whose bills have fallen by up to 10 per cent.
• More than 500,000 home and business batteries have been...