MARKETS

Australia's wholesale electricity prices drop, but WA's went up

Record-high generation from grid-scale renewables and rooftop solar is bringing Australia's wholesale energy prices down, according to the Australian Energy Market Operator's (AEMO) latest quarterly analysis of Australian energy markets.

Yiying Li

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Wholesale electricity prices in the National Electricity Market (NEM) averaged $48 per megawatt-hour (MWh) in the fourth quarter of 2023, down 24% from Q3 2023 and down 48%, or half from Q4 2022, noted...

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