Wholesale power prices are falling fast – but consumers will have to wait for relief. Here’s why

  • Written by: Tony Wood, Program Director, Energy, Grattan Institute
Wholesale power prices are falling fast – but consumers will have to wait for relief. Here’s whyShutterstock

Wholesale power prices are falling steeply in Australia, following two years of surging prices after the Ukraine war triggered an energy crisis. New data shows annualised spot prices for power in Australia’s main grid fell by about 50% in 2023. That brings the cost of wholesale power down towards the levels seen in 2021.

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