Wholesale electricity prices have become significantly cheaper since 2022, but power bills have continued to climb.Solar Citizens is lobbying the federal government to set aside more funding for rooftop solar in its upcoming budget.
Ms Silock this high volatility could be offset by having more diversity in the energy market through wind and solar.An Australian Energy Regulator spokesperson said extreme weather, increased network costs and power system events also impacted power prices. They noted between January and March 2024 Australia experienced 26 high price events, more than double the number experienced in the first quarter of 2023.As the Queensland Conservation Council puts forward greater investment in wind and solar as a way to offset the volatility of Australia's energy markets, research from the University of New South Wales has found there are still 5.7 million households in Australia with no rooftop solar.
"One in three Australian homes has now gone solar — we need greater government support to ensure the financial and health benefits are extended to all Australian households," Mr Pringle said.A Queensland Resources Council spokesperson said while renewables had an important role to play, coal and gas were still vital to ensuring a reliable energy market.
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