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Story perspectives

Australia Sees 27% Drop in Wholesale Electricity Prices

11/3/2025

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Story summary
  • Wholesale electricity prices in Australia fell 27% in September quarter, according to the Australian Energy Market Operator (AEMO).
  • The decline was driven by increased renewable energy and battery usage.
  • Experts expect overall consumer savings as households transition to electric vehicles.
  • One in five households faces energy hardship, spending over 6% of income on bills.
  • The cost of building transmission lines weighs on energy bills, especially in New South Wales.