Wholesale electricity prices for industry and large businesses have breached the federal government's promised level, adding another cost pressure to the economy.The Australian Energy Market Operator said on Friday that prices in the national electricity market averaged $87 per megawatt-hour in the first three months of this year, up more than two thirds on the December quarter and up 141 per cent on the March quarter of 2021.
"This was due to the larger price-setting role of black coal generation and system security constraints limiting daytime electricity transfers from Victoria into NSW," she said. Lower coal generation combined with continuing growth in wind and solar farm output, the report said. Coal prices have surged and this has affected power stations, which must put a bid into the market to provide electricity at a certain price and are reluctant to go too low.
I'm trying to figure out something and you said they said $ 87 , but you have not mentioned is it per household which is impossible or is it ... I let you figure it out this one on your own and ...
How screwed up is the place when the price paid for our coal and gas overseas effects the price of our power at home.
Morrison says energy prices have fallen under the Coalition.
it is result of killing economy by 'green power'. Australia have the cheapest coal on Earth. USE IT!!!
The cost of going green . Only worse under a Labor government
Someone is telling porkies, the Govn has stat's that say prices have dropped, and the Media and Labor says they have gone up.