Grid faces fresh strains as heatwave roasting inland Queensland and NSW extends to Sydney
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Wholesale power prices across Australia’s main electricity market almost halved at the end of 2023 compared with a year earlier, stoking hopes households may soon see smaller bills.
Spot prices in the National Electricity Market (Nem) that serves the eastern and southern states fell to an average of $48 a megawatt-hour in the December quarter, down 48% on the previous year, the Australian Energy Market Operator (Aemo) said in a report released on Thursday. Carbon emissions also dropped to record lows.
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