Following the “unprecedented price rises” in the past year for retail electricity rates across Australia, it looks like we have some “unprecedented price drops” just around the corner!
I’m not sure whether I need to end this post in a /s or not.
Alt-text: Line graph of annual avg wholesale electricity prices in NSW/QLD/SA/TAS/VIC over F.Y. ending 2010-2024. 2022,2023 show an increase of 100~130% compared to 2021; 2024 shows a return to ~2021 prices (except SA).
Data source: https://aemo.com.au/energy-systems/electricity/national-electricity-market-nem/data-nem/data-dashboard-nem
Exactly this, it’s what I’ve been screaming out, every time energy compayclaim wholesale prices have been rising. Like it’s googleable information and they’re just wrong. I’m on amber and wholesale prices, they definitely ain’t going up