international
Breaking: Power prices to fall for most customers with bigger drops for businesses
Key takeaways
- Batteries have taken over the NEM's most valuable hours, setting the price more often than any other technology.
- In what will be welcome news to power users weary from years of big tariff hikes, the Australian Energy Regulator (AER) has decided to cut the default market offer (DMO) in several states.
- The offers act as a safety net by setting the maximum, or ceiling, price retailers can charge affected customers.
Why this matters: an international story with cross-border implications worth tracking.
Batteries have taken over the NEM's most valuable hours, setting the price more often than any other technology. (Synergy)
Link copied Share Share article Surging levels of renewable energy and better reliability from coal-fired generators are set to give consumers a break, with benchmark power prices to fall up to 10 per cent for consumers and more for small businesses.
In what will be welcome news to power users weary from years of big tariff hikes, the Australian Energy Regulator (AER) has decided to cut the default market offer (DMO) in several states.
Article preview — originally published by ABC Australia. Full story at the source.
Read full story on ABC Australia →
More top stories
Also covered by
NY Times
Oil Prices Fall Sharply on News of Possible Iran Deal
The Guardian
Oil prices fall below $100 a barrel on hopes of Iran peace deal
ARY News
Oil prices fall to two-week lows on hopes of US-Iran Hormuz deal
Times of India
'When you fall from power in Delhi ...': Mamata accuses BJP of 'state terrorism', invokes Constitution
Aggregated and edited by the Scoop newsroom. We surface news from ABC Australia alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop