q12024
AEMO’s latest Quarterly Energy Dynamics report shows that despite heatwave conditions and extreme weather events causing high price volatility, wholesale spot prices on Australia’s east coast were down 8% on Q1 2023, to $76 per megawatt hour (MWh).
“The move to renewables over traditional coal-fired power generation is well and truly underway and is happening at record pace,” AEMO’s Executive General Manager of Reform Delivery Violette Mouchaileh said.
“We are increasingly seeing renewable energy records being set which is a good thing for Australian consumers as it is key in driving prices down and NEM emissions intensity to new record lows.”
There was still evidence of a north-south divide in pricing across the National Electricity Market (NEM).
