This state’s power prices are plummeting as it nears 100% renewables
www.newscientist.com
South Australia is proving to the world that relying largely on wind and solar energy with battery back-up is incredibly cheap, with electricity prices tumbling by 30 per cent in a year and sometimes going negative
  • Mountaineer@aussie.zone
    3·
    3 days ago

    The average wholesale power price is plummeting.
    There’s also massive price spikes during exceptional conditions, where we rely primarily on gas turbines. We also have massive daily connection fee charges to contend with.

    As a retail customer, the prices remain the highest in the country and arguably some of the highest in the world.
    Currently I am paying 46c/kWh for what I use, compared to ~ 28c in Victoria and Tasmania, 33c in Queensland or 36c in New South Wales.

    On top of this high usage charge, I am also paying 125c per day as the “Supply Charge” just for being connected.

    I’m not 100% sure where the blame should be placed here, but SOMEONE is making mega profits, because the savings aren’t being passed on.