Australia's Energy Transition: Renewables Price Wins, Grid Risks, and Coal's Decline

Wholesale electricity prices have plummeted to five-year seasonal lows after a record year of renewable generation and battery installations. Hundreds of thousands of customers on basic retail plans have seen bills fall by up to 10 per cent, driven by more low-cost daytime energy being stored and used after sunset. Regulators attribute the decline to an unprecedented boom in battery storage, which has cut reliance on fossil fuels during evening peaks.

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