National energy market report details expected power bill price drops across Australia
ABCHousehold power bills are predicted to continue falling in the coming years, despite the closure of major power stations including Liddell power station in New South Wales. Key points: An Australian Energy Market Commission report predicts reduced power bills over three years However, bills are expected to rise slightly in 2022/23 before falling The report notes an increasing amount of renewable energy across Australia A new report by the Australian Energy Market Commission says the impact of the closures will be largely offset by decreasing wholesale and environmental costs as more renewable energy comes online across Australia. AEMC chair Anna Collyer said power bills were expected to rise slightly, by about $20 in 2022/23, as Liddell closed down. "This illustrates how integrating renewables in a smart way makes it possible to have both lower emissions and lower costs for consumers," Ms Collyer said.
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