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news.com.au 25 Nov, 2021 06:30 am

How renewable energy will impact Australian electricity bills

How renewable energy will impact Australian electricity bills
With the price of food and cost of living increasing in Australia, there is finally some good news on electricity bills.

However, Aussies will have to brace themselves for a slight increase of around $20 a year for 2022-23 as NSW’s Liddell coal fire power station is shut down, and before lost capacity is replaced by a combination of solar, wind, gas and batteries.Yallourn Power Station in Gippsland.“We can now see far enough into the future to be confident that power prices paid by consumers will continue to trend downwards over the next three years, despite the staged exit of Liddell power station in 2022 and 2023, one of the biggest coal-fired generators in the national electricity market,” she said.With the price of food and cost of living increasing in Australia, there is finally some good news on electricity bills.

This is almost double the national average which has electricity bills falling by 5.But it’s bad news for people in the ACT with prices predicted to rise by 4 per cent pushing electricity bills up to $2081.

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