Energy revolution on track: electricity bills to fall, transition to renewables accelerates
While grid connection costs represent ~50% of the retail bill, and grid transmission and distribution costs are flat, wholesale electricity prices have dropped 50% in 2023 to-date year-on-year, and that augurs well for energy cost relief for consumers in FY2025. That also means the slowdown in general inflation growth will continue, and that in turn is likely to bring cost of living and mortgage cost relief.
