Australian Chart of the week | Falling wholesale power prices, but for how long?

The Australian Energy Market Commission (AEMC) has recently published its Residential Electricity Price Trends report. The report’s key finding shows that household power prices may fall over the next three years. This is likely due to a drop in wholesale prices which is a consequence of improved supply of generation from renewable sources. In this Chart of the week, we take a closer look at the wholesale power element of the retail bill.

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