The $275 figure you refer to is derived from an annual average NEM wholesale price forecast. The forecast expects NEM wholesale price to be $11 MWh in 2025.
Page 9 of the report you provided in your original post shown directly below.
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- $275 by 2025 - REPORT: The economic impact of the ALP’s Powering Australia Plan
$275 by 2025 - REPORT: The economic impact of the ALP’s Powering Australia Plan, page-74
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