Power prices

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As new renewable energy supply enters the market, simple economics suggest that power prices should decrease.

Household electricity costs have risen due to:

  • Replacing ageing poles and wires
  • Retiring coal-fired power stations
  • Rising gas prices
  • Metering and retail services

By adding new sources of energy to the network and maintaining and improving poles, wires and infrastructure, power prices can be maintained or lowered.

Large-scale renewable energy is the cheapest form of generation when you look to build new electricity generation infrastructure.